Here are some more details about the 3-8-3 plan, and about the meeting as a whole.
This year the plenum will see 376 members and alternate members of the Central Committee attending, and will draw up the strategy for next 5 to 10 years. Among all the reform suggestions, is the much-anticipated reform plan from the Development Research Center of the State Council.
Its 3-8-3 proposal has three key themes: improving the market system, transforming the role of the government and building an innovative corporate structure.
Eight areas of reform are proposed: reforms aiming to improve the efficiency of administration within the government, monopoly sectors, land reforms, the financial sector to internationalize Renminbi, the tax system to set up a nationwide network of medical, social security, management of state assets, innovation and further opening-up of the economy to introduce more competition in the market.
Focus is placed on three of these areas, namely: opening up, the social security system and land reform.
