Plans for Another Important Third Plenum

China's blueprint for economic reform is finally taking shape. The government has appointed a taskforce to draft the plans, ahead of the third plenary meeting of the 18th Central Committee. With the country's economy at the crossroads, these plans are eagerly awaited.

The occasion recalls a groundbreaking plenary meeting 20 years ago. The third plenary meeting of the 14th Central Committee adopted the Decision on Issues Concerning the Establishment of the Socialist Market Economy that laid out the strategic targets and broad directions of reform. It was arguably China's most comprehensive reform blueprint in its over three decades of opening up.