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China's Third Plenum Falls Short on Economic Reforms

Despite high expectations, the latest meeting offered few concrete measures to address China's economic challenges.

Members of the Politburo Standing Committee from left, , Li Xi, Cai Qi, Zhao Leji, Xi Jinping, Li Qiang, Wang Huning and Ding Xuexiang attend the third plenary session of the 20th Communist Party of China (CPC) Central Committee, Beijing.
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Overview

  • The Third Plenum's lengthy document lacked detailed plans to tackle pressing economic issues.
  • Analysts criticize the focus on slogans over actionable policies.
  • Xi Jinping's leadership remains central, with reaffirmed state control over market mechanisms.
  • China's property crisis and weak consumer spending were not adequately addressed.
  • Observers express concerns about China's ability to achieve its growth targets.