China's third plenum

The Chinese Communist Party's third plenum of the 18th Party Congress traditionally sets the economic tone for the Chinese government's next five-year term.

Analysts remain wary over efforts to reform China's state sector

State-owned enterprises contribute approximately 30% to China's GDP

Analysts remain sceptical that the new mainland leadership will take substantial steps to end the privileged market monopolies of state-owned enterprises (SOEs), despite the party's pledges to implement bold reform.

Thursday, 14 November, 2013, 1:00pm

Lack of one-child-policy reform detail in plenum communiqué disappoints

There was speculation before the plenum that policies including a property tax would be introduced to cool the sector. However, the property market was barely mentioned in the communiqué.

A relaxation of the one-child policy. Reform of the hukou household registration system. Curbs on soaring property prices. All were widely expected to get a mention in the communiqué issued after the Communist Party plenum ended, but it mentioned none of them.

14 Nov 2013 - 4:42pm

Anhui tests land reform in wake of plenum vow on rural property rights

Illustration: Lau Ka-kuen

Anhui has become the first province to unveil a comprehensive plan to test land reform after Communist Party leaders announced following a key meeting that farmers would be granted more property rights.

14 Nov 2013 - 5:13am

Xi Jinping shows muscle by setting up panels on economic reform, security

Policemen guard the entrance to Zhongnanhai. Photo: AP

The creation of two new panels to oversee economic reform and national security provides perhaps the strongest sign yet that President Xi Jinping has successfully consolidated power across the government after a year in office.

14 Nov 2013 - 2:41pm 1 comment

Now, China must act on its pledge of reform

Now, China must act on its pledge of reform

The communiqué issued at the end of the third plenum of the Communist Party's 18th Central Committee is a general statement about the desire to solve the current economic and social difficulties through reforms.

14 Nov 2013 - 3:04am 4 comments

What holistic reforms should mean for a developing China

Jingxi Hotel in Beijing, where the Communist Party's third plenum was held. Photo: Simon Song

As Communist Party leaders convened for their third plenum over the weekend, a country buoyed by hopes for "comprehensive, thorough reforms" waited with bated breath. After all, a key document for discussion was titled "Decision on the Important Questions for Comprehensive, Thorough Reforms".

14 Nov 2013 - 2:48am

Communist Party's third plenum leaves blanks in key policy areas

Internationalisation of the renminbi is also a hot issue closely monitored by investors. Photo: Bloomberg

The communiqué issued at the end of the Communist Party's third plenum had little to say about areas closely watched by global investors. Yesterday's communiqué stopped short of giving details of concrete reforms of state-owned enterprises and financial institutions, merely acknowledging the importance of the market in allocating resources.

13 Nov 2013 - 10:48am

'Leading team' to spearhead drive for reform, party plenum resolves

Vice-Premier Wang Yang

A central "leading team" will be set up to spearhead reform efforts, underscoring the eagerness of the new leadership to overcome chronic obstacles to deepening reforms.

13 Nov 2013 - 3:51am

Beijing to set up powerful national security body in face of mounting threats

Growing social and economic inequality and potential ethnic unrest in Tibet and Xinjiang are considered the main security threats. Photo: AFP

The communiqué issued at the end of the Communist Party Central Committee's plenum said: "A national security committee will be established to perfect the national security system and national security strategy and safeguard national security."

13 Nov 2013 - 10:46am 11 comments

Communist Party urged to speed up China's financial reforms

Growth of 7.2 per cent is needed to create enough jobs. Photo: Reuters

The party needs to speed up stalled reforms in capital markets and the financial industry to increase the role of free markets pledged by leaders, experts say.

13 Nov 2013 - 10:51am

Party's third plenum pledges 'decisive role' for markets in China's economy

President Xi Jinping (centre) and Premier Li Keqiang (to Xi's left) at the third plenary meeting yesterday with other Politburo Standing Committee members (from left) Zhang Gaoli, Liu Yunshan, Zhang Dejiang, Yu Zhengsheng and Wang Qishan. Photo: Xinhua

Communist Party leaders yesterday pledged to give market competition a "decisive role" in the economy and strengthen judicial independence in a vaguely worded reform blueprint.

13 Nov 2013 - 8:20am 10 comments

Some economic reforms expected from third plenum, but expectations remain muted

The third plenum, meeting in the Jingxi Hotel in Beijing, is expected to focus on economic reforms. Photo: AFP

China’s leaders will unveil a reform agenda for the next decade on Tuesday, seeking to balance the need to overhaul the world’s second-largest economy as it loses steam with preserving stability and to reinforce the Communist Party’s power.

12 Nov 2013 - 11:33am

Beijing denies report private investors could buy 15 per cent of state-owned firms

Profits at SOEs rose 10.5 per cent in the year's first three quarters, according to the Ministry of Finance. Photo: Reuters

Top Chinese regulators on Monday rushed to pour cold water over an official media report that the government would allow private investors to buy up to 15 per cent stakes in state-owned enterprises. 

11 Nov 2013 - 6:29pm

China's urbanisation push needs land reform, freer residency rights in cities

Without title to rural land or urban residency, China's new city dwellers are unlikely to feel secure enough to spend as much on consumption as its leaders would like. Photo: Reuters

Tan Yingyu is one of China’s 200 million migrant workers, and like many he is stuck: he does not want to return to his village but also cannot become a legal resident in the city of Chengdu, where he has worked for nearly 20 years.

11 Nov 2013 - 11:18am

Expect progress, but it won't happen overnight

Cynics and jaded analysts are sceptical that the new leadership under President Xi Jinping can overcome resistance to achieve a strong enough consensus on political reforms. Photo: Reuters

Tomorrow, a secretive four-day meeting of nearly 400 top mainland officials is scheduled to end in Beijing with a communiqué that will set the tone and agenda for China's development over the next decade or more.

11 Nov 2013 - 7:16am 4 comments