The Relationship Between the Government and the Market

The Decision of the Central Committee of the C.P.C. on Comprehensively Deepening Reform of Several Major Issues (hereinafter referred to as the Decision) made at the Third Plenary Session of the 18th Central Committee of the C.P.C. put forward a series of major theoretical perspectives and practical guidelines for deepening economic reform, based around the decisive role of the market in the allocation of resources. This augured a new era in China’s economic reform. Economic reform formed the basis of wider reforms.