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China's New Golden Decade Ahead: The decisions from the Third Plenum and their implication for the economy

China's New Golden Decade Ahead: The decisions fr...

The decisions from the Third Plenum conveyed strong and comprehensive messages for further reform.

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China's New Golden Decade Ahead: The decisions from the Third Plenum and their implication for the economy

New economic initiatives include:

  • granting the market a decisive role in resource allocation;
  • instigating a gradual but market-driven State-owned enterprise (SOE) reform; establishing a healthier taxation and fiscal system;
  • further liberalizing the financial sector;
  • and achieving more sustainable urbanization.

 

Based on the signals presented, we strongly believe that another golden decade in China is just ahead.  

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