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China details economic reform plan

A document issued late last week filled in many of the details that went missing in an earlier communiqué concerning reforms discussed at the high-level party meeting known as the Third Plenum, The Wall Street Journal reported. Friday’s 20-page document amounted to a blueprint for reform. It pledged to open the financial sector and relax curbs on other sectors closed to investors, allow prices of natural resources to reflect market demand and put more money in the pockets of rural residents who were often left out of the boom of the last decade. The meeting ran November 9-12.

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