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Banking & Finance

Date set for reform meet in Beijing

China’s leaders will convene a long-awaited policy meeting on November 9-12 to discuss the country’s economic agenda for the next decade, Reuters reported, citing the official Xinhua News Agency. Historically, such meetings, known as third plenums, have been a springboard for economic change in China. One of China’s top leaders Yu Zhengsheng said last weekend the meeting will unveil “broad” and “unprecedented” reforms. Earlier this week, media said the Development Research Centre, an influential think tank linked to China’s state council, or cabinet, had recommended eight key areas for reform; finance, taxation, land, state assets, social welfare, innovation, foreign investment and governance.

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