It was a small line in a long paper. But to Shanghai’s Free-Trade Zone – and possibly to China as a whole – it was a sentence loaded with importance.
Although lacking in specific detail, the communiqué of the Third Plenum of the 18th Communist Party, published on November 12 after four days of intense discussion, demonstrates Beijing’s dedication to pursuing reform in a variety of areas, not just in the economy.
China’s new leaders, Li Keqiang, China’s premier, and Xi Jinping, the general secretary of the CPC, mention tax reform, land reform, green innovation and even cultural development as focuses to be addressed.
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