China opens key meeting to set economic reform agenda

With the aid of Benjamin Kang Lim and Ben Blanchard BEIJING (Reuters) – Chinese leaders began a four-day secret meeting on Saturday to set a reform agenda for the following decade as they are attempting to push more sustainable increase after three many years of breakneck expansion. President Xi Jinping and Ultimate Li Keqiang must unleash new boom drivers as the world’s 2nd-largest financial system loses steam, careworn through industrial overcapacity, piles of debt and hovering home prices. Financial reforms will dominate the meeting of the 205-member Vital Committee of China’s ruling Communist Birthday Party. Little if any information will likely be released all over the event, but respectable information company Xinhua traditionally considerations a dispatch on the last day.