Investing.com - " China's Communist Party was to hold a third
day of meetings on Monday to discuss major economic and social
reforms designed to create a new model for economic growth in the
world's second largest economy.
In a report on Saturday announcing that the four-day meeting had
begun in Beijing the official Xinhua state news agency said party
leaders would discuss "major issues concerning comprehensively
deepening reforms". The agency said reforms would be "systematic,
integrated and coordinated".
President Xi Jinping has pledged to deliver "unprecedented" and
"comprehensive" reforms amid growing public anger over issues,
including monopolies held by state-owned companies, widespread
corruption and pollution.
Topics expected to be discussed at the meeting included
liberalizing the financial sector and state-owned enterprises,
changes to China's residency registration system and land reforms.
After posting double digit growth rates for more than ten years
Chinese economic growth slowed to a two-decade low of 7.5% in the
second half of this year.
China's Communist Party declared last month that it will work to
speed up the development of a socialist market economy, democracy,
cultural development, social harmony and ecological progress.
The meeting of the 205-member Central Committee is the third annual
plenum, or full meeting, of the party's 18th congress. In the past,
the meetings have been used by China's leaders as a launching pad
for far-reaching economic reforms.
Such meetings usually take place a year after new leaders take
office, when they have built up political capital. Xi Jinping took
over as party general secretary last November, before becoming
president in March.
Security in the capital remained high after five people were killed
last week in what Chinese officials called a "terrorist attack" in
Tiananmen Square. Beijing has blamed the East Turkestan Islamic
Movement for the suicidal vehicle attack.
offers an extensive set of professional tools for the financial
Read more News on Investing.com and download the new Investing.com
Stocks & Finance App