'Unprecedented' Economic Reforms Ahead, Says Top China Official

Chinese Premier Li Keqiang Photograph by WPA Pool/Getty Images

Some encouraging news for those who support a faster pace of economic reform in China: Beijing on Friday eliminated the minimum capital requirements for setting up a new company, making it easier for smaller and private businesses to establish new operations, and over the weekend a key government agency released a much-anticipated blueprint for reform. Meanwhile, a top official has said the party is considering “unprecedented” economic changes to be unveiled at its Third Plenum next month.

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