383 plan by China Daily.docxVIP

383 plan calls for reform across the board Presented by 中国日报精选 Date：2013-10-31 11:23 The meeting is the Third Plenary Session of the Communist Party of Chinas 18th Central Committee, also known as the 2013 Third Plenum.Chinese leaders will hold a high-level meeting from Nov 9 to 12 in Beijing to map out the next round of reform. It will cover many important parts of the economy. The following is an introduction, written by China Daily business reporter Li Yang, of a plan that is used as a blueprint for the meetings final documentThe meeting is the Third Plenary Session of the Communist Party of Chinas 18th Central Committee, also known as the 2013 Third Plenum.Ahead of the Third Plenums communiques adoption and release, a reform plan from a major government think tank was released to the public.Writing the plan was a group of experts led by Li Wei, director of the Development Research Center of the State Council, and Liu He, vice-minister of the National Development and Reform Commission, according to the China Securities Journal. The document is known as the 383 plan in the Chinese press.One outstanding feature is the plans proposal for urgent, broad-based reform of the economic system.To accomplish the task of building a comparatively well-off society in 2020, as it was set by the Communist Party of China 18th National Congress (in 2012), China is to take a number of major efforts in transforming its growth model and mending its systematic drawbacks in a limited period of time.This is the opening statement of the 383 plan, a reform proposal that is rare in its breadth and scope.The 383 plan is named for its content: a trinity reform of market, government and enterprise, which will be spread across eight key areas, with three major breakthroughs to be made.That the plan focuses not only on reform targets but also on how to attain them, despite the difficulty in doing so, has been a major talking point following its release.The new reforms goal, according to the pla