July 2024 | This new CMG Primer dissects the “resolution” as the key outcome of the ‘Third Plenum’ held in July 2024, analyzing the adopted reform principles, identifying the entirely new reform measures and providing deep-dives on three topics important for foreign business in China. It concludes that China’s reforms today – in the form of the third Third Plenum for Xi Jinping as CCP General Secretary – are pivoting to the implementation level and effectiveness aspects, putting high attention on “systemic policy design” and policy coordination. Moreover, China’s industrial ambitions are front and center in this reform package, trading off previously held ideological policy differentiations for practicality when serving China’s strategic interests, as evidenced for instance in the new formal commitment for more equal treatment between all ownership forms..
Check out our CMG Primer Xi’s third ‘Third Plenum’ pivots to implementation, doubling down on China’s industrial ambition
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