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AbeBooks Bookseller Since: 15 April Stock Image. Most progress is expected with steps such as letting market forces play a bigger role in setting the price of capital, energy and land, cutting red tape and some fiscal and tax reforms. The meeting's communique will not reveal any heated debates that might have taken place behind the scenes, an arrangement that allows the Communist Party to present a unified voice on the plans.
It is also unlikely to be particularly detailed.
The Central Committee's third plenum comes at a time when the party is still grappling with the fallout from the downfall of disgraced Bo Xilai, who had been a contender for a seat at the apex of China's power. The former party boss of the southwestern city of Chongqing was jailed for life in September on charges of corruption and abuse of power, but he has many sympathisers. Underscoring the party's worries, supporters of Bo have setup a new political party, in a direct challenge to the de facto ban on new political groups.
Former leader Deng Xiaoping launched reforms to open the economy to the outside world at a third plenum in That was followed in with an endorsement of the "socialist" market economy, paving the way for sweeping reforms spearheaded by then Premier Zhu Rongji, which led to China's entry into the World Trade Organization. This time, the focus is economic rebalancing by increasing the urban population and greater efforts to promote consumption to move away from exports and investment, China's main growth engines.
The leaders are expected to loosen the household registration system, which blocks migrant workers and their families from access to education and social welfare beyond their home villages. They may also push land reforms to allow farmers to sell land when they leave their villages — a key hurdle to Beijing's urbanisation drive to turn millions of migrants into consumers.
While the meeting will set the broad reform agenda, state agencies will be left to work out the details and the next event to watch will be the annual Economic Work Conference likely to be held in December — Reuters.