Party charts reform course
China DailyXi Jinping, general secretary of the Communist Party of China Central Committee, delivers a speech during the third plenary session of the 20th CPC Central Committee, which was held in Beijing from Monday to Thursday. The goal is part of the reform priorities that the CPC worked out at the third plenary session of its 20th Central Committee, which was held from Monday to Thursday in Beijing. The third plenary sessions of the CPC Central Committee have often launched major reforms. During the third plenary session of the 11th CPC Central Committee in 1978, when the decision was made to embark on reform and opening-up, China initiated reforms to transition from a planned economy to a market economy, continuously advancing market-oriented reforms since then, with the role of market mechanisms in resource allocation steadily strengthening.