Maximilian Butek

China’s third plenum vows to support ‘capable’ private sector to lead tech innovation

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China’s third plenum vows to support ‘capable’ private sector to lead tech innovation

The document also covered a wide range of reform objectives for the next five years in areas including economic development, science and technology, human capital, defence, social security and ideology. And while the endorsement for the private sector is barely new – similar ones were made in government documents last year or even earlier – … Read more

China stays the course on reform after third plenum, leaving Western businesses in limbo

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China stays the course on reform after third plenum, leaving Western businesses in limbo

“Instead, it seems that we must prepare for a policy marked by caution and continuity.” Third plenums – this one a meeting of the Communist Party’s 20th Central Committee – have historically precipitated extensive changes to the country’s economy, with sweeping ideological statements issued to chart the course of policy for the next five years … Read more