China’s economic reforms: What you need to know

“China late on Friday unveiled details of the long-term economic reforms agreed to at this month’s Third Plenum, a key meeting of the country’s top leaders.  The 60-point reform plan is seen paving the way for sweeping changes in the world’s second-biggest economy as it tries to steer away from investment-led growth to a consumption-driven economy.  Here’s what you need to know about the main reforms.  1) One-child policy relaxed; 2) Welfare-system reformed; 3) Greater rights for farmers; 4) Stepping up financial reforms; 5) State-Owned Enterprises (SOEs).”

http://www.cnbc.com/id/101205322

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