(Los Angeles Times) The Chinese leadership is hyping a Communist Party meeting that began Saturday as the greatest financial rethink since leader Deng Xiaoping launched China's economic revolution in the late 1970s.
In keeping with past patterns, the Chinese will not divulge specifics of the four-day session here until it concludes. But proposals that have leaked out in recent weeks include easing business regulations and liberalizing interest and currency exchange rates.
The economic revolution launched more than three decades ago is still unfinished, leaving the country with a hybrid economy sometimes waggishly referred to as "capitalism with Chinese characteristics."
Advertisement - story continues below
In private talks, the leadership has acknowledged what Western economists have been warning about for years: The growth model that pulled China out of poverty has run out of steam.