News / Asia

China to Enact 'Comprehensively Deepening Reform'

The Great Hall of the People is seen behind red flags in Tiananmen Square in Beijing, Nov. 12, 2013.
The Great Hall of the People is seen behind red flags in Tiananmen Square in Beijing, Nov. 12, 2013.
VOA News
China's Communist Party has suggested a greater role for the free market in the country's state-controlled economy, as the party wrapped up four days of high-level meetings in Beijing.

The Xinhua news agency said whereas the party previously considered the market to play a "core role," it will now play a "decisive role" in allocating economic resources.  The report did not provide details on how the new distinction will influence government policy.

Xinhua was similarly vague about other so-called "comprehensively deepening reforms" decided on by the party at the closed-door meeting known as the Third Plenum.

The report says party leaders want official functions to be transformed to establish a law-based and service-oriented government. They have also issued a communique calling for the establishment of state security committee.  But details have not yet been provided.

The meeting, which brings together the party's Central Committee, was seen as an opportunity to lay out the future for China's economy, which has slowed after several decades of rapid growth.

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Comment Sorting
Comments
     
by: Jonathan huang from: Canada
November 12, 2013 12:22 PM
Sounds like America never controlled its economy. That makes sense though, since American debts is keeping going up and government had shut down many weeks.

by: Anonymous
November 12, 2013 10:00 AM
controversial between the target and policies, let the market to play a "decisive role" in allocating resources in China's state-controlled economy, here concentrate your attention on the state-controlled, how to control the economy by the state (government and party leaders?)

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