I spent last weekend in Beijing, as part of a group of foreigners, at a small conference dedicated to “Understanding China”. We met a large cross-section of the country’s senior leadership from President Xi Jinping on down. We heard many reiterations of the idea that China is about to pursue “comprehensive reform”. So I would love to be able to say that I have a crystal clear idea of what is likely to emerge from the much-hyped Communist Party plenum that begins in Beijing this weekend. But that would be an overstatement. Most of the Chinese leaders were understandably cagey about exactly what reforms would be necessary to achieve the “Chinese dream” of national greatness and prosperity. A certain pre-plenum caginess had set in. And indeed many of the important arguments have not been settled. That, after all, is the business of the party plenum.
However, most of the key subjects that need to be tackled are already clear and the outlines of decisions are emerging: Read more