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.
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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