China's Third Plenum: wait and hope

The document purports to be a roadmap forged by the new leadership, setting out China’s economic reforms for the next 5-10 years, but it may keep market observers waiting.

China's Third Plenum: wait and hope

If there were people still expecting substantial reforms from the Third Plenary session of the Chinese Communist Party, they might be a little disappointed by the communiqué released after the four-day closed-door meeting.

The document purports to be a roadmap forged by the new leadership, setting out China’s economic reforms for the next 5-10 years.

However, somewhat typically the roadmap appears to be full of roads without a destination.  

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