The Third Plenary Session of the 18th CPC Central Committee has drawn worldwide attention and is one of the most awaited sessions of the Central Committee. CCTV correspondent in Washington interviewed China expert Douglas Paal from the Carnegie Endowment for International Peace for his take on why the session is important.
"A lot of people hope China will be able to start implementing reforms, carry China from the rapid investment and export-led growth to the consumption-led growth. You have to make a lot of changes in system, not just parts of the system. So this third plenary session will be a chance to articulate vision and first step to accomplish that vision," Douglas Paal, VP of Carnegie Endowment for Int’l Peace, said.
"Reshaping the ways that the local communities finance themselves, dealing with the debts of the local communities, finding a legal form for the migrant residents in big cities to have some status outside or inside the hukou system are really sensitive. There are a lot of things that can be put on the table."
