The Communist Party of China (CPC) has acknowledged the market’s “decisive” role in allocating resources in a communique of its key session about the reform.
China will deepen its economic reform to ensure that the market will play a “decisive” role in allocating resources, according to a communique issued after the third plenary session of the 18th CPC Central Committee, which closed here Tuesday.
Market had been often defined as a “basic” role in allocating resources since the country decided to build a socialist market economy in 1992.
Xinhua News via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/sENKVxe3szM/
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