Market to play "decisive" role in allocating resources: communique - Xinhua

CHINA-BEIJING-18TH CPC CENTRAL COMMITTEE-THIRD PLENARY SESSION (CN)

Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, addresses the third Plenary Session of the 18th CPC Central Committee in Beijing, capital of China, Nov. 12, 2013. The session lasted from Nov. 9 to 12. (Xinhua/Lan Hongguang)

BEIJING, Nov. 12 (Xinhua) -- The Communist Party of China (CPC) has acknowledged the market's "decisive" role in allocating resources in a communique of its key session about the reform.

China will deepen its economic reform to ensure that the market will play a "decisive" role in allocating resources, according to a communique issued after the third plenary session of the 18th CPC Central Committee, which closed here Tuesday.

Market had been often defined as a "basic" role in allocating resources since the country decided to build a socialist market economy in 1992.

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CPC acknowledges market's "decisive" role

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Market to play "decisive" role in allocating resources: communique

BEIJING, Nov. 12 (Xinhua) -- The Communist Party of China (CPC) has acknowledged the market's "decisive" role in allocating resources in a communique of its key session about the reform. Full story