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China pledges bigger role for free market

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China pledges bigger role for free market

A
Al Jazeera English

5 Views • Nov 13, 2013

Description

China's ruling party has pledged to let markets play a "decisive" role in allocating resources, as it unveiled a reform agenda for the next decade, looking to overhaul the world's second-largest economy to drive future growth.

The official Xinhua news agency announced on Tuesday the close of the four-day meeting, known as the Third Plenum, which has traditionally set the economic tone for a new government.

Al Jazeera's Andrew Thomas reports from Beijing.