China Plans To Implement Economic And Social Reforms

The new leader of the Communist Party put a stake in the ground about new directions in China.  Markets will play a larger role in the allocation of resources and China will shift its production away from high polluting industries.  The economy will rely less on state owned enterprises and heavy investments by the state.  There will be a new partnership between the private sector and the state.  The government will also create a new organization similar to the National Security organization in the US which provides advice to the President.