With or Without Opening? Previewing China’s Third Plenum Reforms

Quick Summary:

Without efforts to revive market confidence, Beijing’s broader reform agenda could falter.

Following Xi’s first Third Plenum as paramount leader in 2013, Dan Rosen of Rhodium Group wrote that “the Party issued a bold call for economic reform.” Shortly thereafter, it became clear that the 60 “decisions” announced were not worth the paper they were written on.

In recent months, not only has Beijing gradually shifted its rhetoric toward the real estate market, capital markets, the private sector, and foreign investment, the government also introduced modest stimulus measures.

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Article Details

Author / Journalist: Nathaniel Sher and Ray Wang

Category: Economy

Markets: United StatesBangladeshChinaHong KongIndiaIsraelNorth KoreaPakistanPhilippinesUkraine

Topics: Private Third Party Beijing Market China’s Reforms Plenum Development Economy Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-12 @ 07:02:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: thediplomat.com

Language: English

Article Length: 4446 words

Reading Time: 25 minutes read

Sentences: 194 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Diplomat

News ID: 21654564

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