China’s Third Plenum signals reforms, but tensions remain: analysts

Beijing steps up stimulus measures and reforms, as small firms suffer from a liquidity trap, and some foreign private equity firms leave China.

The recently concluded Third Plenum in Beijing announced a range of reforms with the hope of attracting foreign investment in China. However, some analysts are sceptical over what they see as a contradiction between the announced reforms and stronger state control announced at the plenum.

The Third Plenum was held in Beijing from July 15 to 18, when a communique was released. The meeting is convened by the Central Committee of the Chinese Communist Party CCP roughly every five years to map out the general direction of social and economic policy. 

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