Xi serves up a curate's egg

China’s Third Plenum was long on rhetoric. And the rhetoric sent mixed messages, indicating hard-fought political compromises behind the scenes.

Like the curate’s egg, the Communiqué of the Third Plenum of the 18th Party Congress is partly good and partly bad. Contrary to much of the Chinese government’s pre-Plenum hype, which indicated a bold roadmap of future economic reform would be unveiled, the results are instead a finely balanced compromise between those wishing to preserve the status quo (and the privileges they derive) and those who understand that China must move on if it is to continue to grow. 



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