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.
“I feel it is too rough to be a framework document,” said Hu Yifan, chief economist, head of research and managing director with Haitong International.
Usually, the communiqué is a short...