China's Third Plenum Sets Ambitious Long-Term Economic Reforms

Communist Party outlines plans for growth, security, and private sector support amid complex domestic and global challenges.

The plenum emphasizes technological advancement and high-quality sectors over quick economic fixes.
New policies aim to create a favorable environment for private businesses and foreign investments.
China plans to build a unified national market to enhance domestic consumption and production efficiency.
Reforms include rural land, taxation, environmental protection, and social security improvements.
Commitment to long-term goals set for completion by the 80th anniversary of the People's Republic in 2029.