The much-anticipated Third Plenary Session of the 18th Central Committee of the Communist Party of China ended with a special focus on reform and some new initiatives.
These new initiatives include:
Although lacking some specific details, as well as seemingly disappointing state-owned enterprise (SOE) reforms, it lays the foundation for China’s next ten years of reform and opening up.
© 2021 KPMG Huazhen LLP, a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in China, KPMG, a Macau partnership and KPMG, a Hong Kong partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited ("KPMG International"), a private English company limited by guarantee. All rights reserved. The KPMG name and logo are registered trademarks or trademarks of KPMG International.
For more detail about the structure of the KPMG global organisation please visit https://home.kpmg/governance.