China

Details

  • Industry: Global China Practice
  • Type: Business and industry issue
  • Date: 1/29/2014

The Third Plenum's Impact on Industries and Business Opportunities 

The Decisions by the Central Committee of the Communist Party of China on Some Major Issues Related to Comprehensively Deepening Reform brings forward a series of policy initiatives that could have a profound impact on various industries, and provide a variety of business opportunities. Further reform and opening up initiatives are likely to remove the barriers to entry into many previously restricted or monopolized industries, which will bring competition, efficiency and even rapid growth. We must underline, however, that the path toward implementation of the far-reaching reforms outlined in the Third Plenum is fraught with difficulties that must be overcome. Though many challenges exist, and entrenched interests must be overcome through continued political will, a unified, open, orderly and competitive market will be beneficial to market players.

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