China Leadership Monitor

After the Third Plenum: Economic Reform Revival Moves toward Implementation

Friday, March 14, 2014

The Third Plenum basically fulfilled the expectations placed on it, as it responded adequately to the credibility crisis that confronts Chinese policy today. New challenges of interpretation and implementation now rise to the fore. With the creation and staffing of the Reform Leadership Small Group, the initial outlines of the implementation process are coming into view. These show continued strong commitment to the goals of economic reform, but significant risks of reform strategy and implementation persist.