Share this on Twitter Share this on Facebook Share this on LinkedIn Share this on Sina Weibo Share this on Wechat Share this on LinkedIn Li Qiang, Premier of China and the chair of China's State Council, delivers opening remarks at the Annual Meeting of the New Champions in Tianjin, June 27, 2023. Credit: World Economic Forum via Flickr There’s usually a serious message when the Central Committee of the Chinese Communist Party (CCP) and the State Council jointly publish a document, as they did just over two weeks ago. Dedicated to the development and expansion of China’s private economy, this particular document’s release came hard on the heels of data showing that the much hoped for economic recovery in China this year had stalled, or become 'tortuous' as the Politburo later said. The members of the Politburo of the 18th CCP Central Committee at the 3rd Plenum of the 18th Congress, November 12, 2013. Credit: CGTN No one would dispute that restoring confidence and dynamism to the private sector makes sense, but Beijing has said this before. Will this time be different? Exactly ten years ago, at the 3rd Plenum of the 18th Congress — a political forum often dedicated to the economy — the CCP pledged to give market forces and competition a ‘decisive role’ in the economy and in theSubscribe or login to read the rest. Subscribers get full access to: Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else. A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times. A daily roundup of China finance, business and economics headlines. We offer discounts for groups, institutions and students. Go to our Subscriptions page for details.