CPC announces decision on comprehensive reform

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, addresses the third Plenary Session of the 18th CPC Central Committee in Beijing, capital of China, Nov. 12, 2013. The session lasted from Nov. 9 to 12. (Xinhua/Lan Hongguang

The 18th Central Committee of the Communist Party of China (CPC) on Tuesday approved a decision on "major issues concerning comprehensively deepening reforms" at the close of their four-day meeting. [Special report]

Entrusted by the Political Bureau of the CPC Central Committee, Xi Jinping, general secretary of the CPC Central Committee, delivered a work report to the third Plenary Session of the 18th CPC Central Committee, held from Nov. 9 to 12 in Beijing.

The general objective of the approved reforms is to improve and develop socialism with Chinese characteristics and push on with modernization of the country's governing system and capabilities, according to the communique issued after the session.

China must build on the paramount reality that it remains in the primary stage of socialism and will long remain so while pursuing comprehensive, deeper reform, the communique said.

Economic reform is key, and the core solution is the proper relationship between the government and the market, leaving the market to play the decisive role in allocation of resources, it said.

Decisive results must be achieved in key sectors, and a well-developed, scientific, procedure-based and effective framework must be in place by 2020 to ensure institutions in all sectors be more mature, according to the communique.

CPC acknowledges market's 'decisive' role

The Communist Party of China (CPC) has acknowledged the market's "decisive" role in allocating resources, according to a communique issued after its key session about reform.

China will deepen its economic reform to ensure that the market will play a "decisive" role in allocating resources, according to the communique after the Third Plenary Session of the 18th CPC Central Committee, which closed in Beijing on Tuesday. Full story>>>

New urban-rural relations to take shape: communique

An new, integrated system of urban-rural relations will allow people living outside cities equal participation in modernization and better property rights, says a communique following the Communist Party of China (CPC)'s key session on reform.

Improvements must be made to promote agriculture, and urban development must lead to rural, according to the communique adopted by the third plenary session of the 18th CPC Central Committee held from Nov. 9 to 12 in Beijing. Full story >>>

China to establish modern financial system: communique

A modern financial system that supports the initiative of both central and local authorities should be set up, a communique issued Tuesday after a key meeting of the Communist Party of China (CPC) said.

China needs to improve its budget management and taxation systems in a bid to make responsibilities of government agencies match properly with what they spend, the communique said. Full story >>>

Market to play 'decisive' role in allocating resources

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 in Beijing on Tuesday. Full story >>>

China to develop army, national defense: communique

The Communist Party of China (CPC) will strive to clear obstacles hindering the developmental trajectory of national defense and the army, said a communique released after a key meeting on reform.

The Party's goal is an army that "obeys the Party's command, is capable of winning battles and has a sound work style," said a communique released after the third plenary session of the 18th CPC Central Committee, which closed here Tuesday. Full story >>>

China to set up central leading team for reform: communiqué

The Communist Party of China (CPC) will set up a central leading team for "comprehensively deepening reform," it was announced after a key CPC meeting closed in Beijing on Tuesday.

The team will be in charge of designing reform on an overall basis, arranging and coordinating reform, pushing forward reform as a whole, and supervising the implementation of reform plans, according to a communique issued after the Third Plenary Session of the 18th CPC Central Committee. Full story >>> 

China to establish state security committee: communique

China will establish a state security committee, improving systems and strategies to ensure national security, according to a communique issued Tuesday after the Third Plenary Session of the 18th Communist Party of China (CPC) Central Committee.

China will improve social governance and safeguard the interests of the people, according to the communique. Full story >>>

China relaxes investment rules: communique

China is to relax investment restrictions and accelerate construction of free trade zones (FTZ), said a communique released after a key meeting on reform.

FTZs will be expanded in inland and border areas, said the document adopted at the Third Plenary Session of the 18th the Communist Party of China Central Committee held from Nov. 9 to 12 in Beijing. Full story >>>