Towards a free-market China

China’s Communist Party has produced “its most wide-ranging and reform-tinged proposals for economic and social change in many years”.

China's Communist Party has produced "its most wide-ranging and reform-tinged proposals for economic and social change in many years", says Economist.com's Analects blog.

The plenum of the Party's central committee brought forth a bland communiqu early last week, but the detailed blueprint published on Friday impressed investors. Hong Kong-listed mainland shares, or H shares, gained 8% in the following two days.

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