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Ten major points of comprehensive deepening reform
Abstract The Third Plenary Session of the 18th CPC Central Committee reviewed and approved the "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensively Deepening Reforms," outlining the overall goals, general direction, and timeline for reform. It provided a comprehensive plan for advancing reforms across multiple sectors. The communiqué from this session laid out a clear roadmap for future development, signaling significant changes in policy and strategy. Yang Weimin, deputy director of the Central Financial and Economic Leading Group Office, who was involved in drafting the "Decision," offered detailed insights into the key aspects of the reform agenda.
The Third Plenary Session of the 18th Central Committee deliberated and adopted the "Decision of the Central Committee of the Communist Party of China on Several Major Issues Concerning Comprehensively Deepening Reforms," setting the stage for a broad and structured approach to reform. This decision outlined the long-term vision, main directions, and practical steps needed to implement comprehensive reforms across various fields, including the economy, politics, culture, society, and ecological civilization.
One of the most notable features of the session was its emphasis on a “comprehensive†reform strategy. Unlike previous plenary sessions that focused on specific areas, this one aimed at systemic transformation. The theme of the session—“comprehensively deepening reformsâ€â€”was designed to align with the broader goal of building a socialist system with Chinese characteristics, while also addressing the complex challenges of the current reform landscape.
Yang Weimin highlighted the importance of economic system reform as the central pillar of the broader reform agenda. He emphasized that the market should play a decisive role in resource allocation, which marked a shift from the earlier concept of the market playing a “basic role.†This change reflected a deeper commitment to market-oriented reforms and aimed to enhance efficiency and innovation across the economy.
Another key point was the establishment of a high-level leadership group to oversee the implementation of the reform agenda. This group was tasked with ensuring coordination, supervision, and timely execution of the reform measures. A clear timetable was also set, aiming for “decisive results in key areas by 2020,†providing a concrete target for all stakeholders.
The session also introduced new concepts such as the modernization of the national governance system and the idea of “social governance†instead of “social management.†These changes reflected a more inclusive and participatory approach to state affairs, involving multiple actors beyond just the government.
Additionally, the reform agenda addressed issues like the balance between government and market roles, the need for fair treatment of all forms of ownership, and the development of a mixed-ownership economy. These moves were seen as critical for promoting equity and competition in the market.
In the area of ecological civilization, the session emphasized the need for stricter environmental regulations and a more sustainable approach to development. This included measures to prevent environmental degradation, enforce accountability, and ensure long-term ecological protection.
Finally, the reform plan was framed around the goal of improving social fairness and people’s well-being. The session made it clear that the ultimate aim of these reforms was to benefit all citizens, not just a select few.
Overall, the Third Plenary Session of the 18th CPC Central Committee marked a pivotal moment in China's reform journey, signaling a bold and comprehensive approach to shaping the country’s future.