The Third Plenary Session of the 18th Central Committee of the Communist Party of China in November 2013 decided to deepen reform in an all-round way, in order to develop socialism with Chinese characteristics and promote the modernization of China's governance system and governance capacity.

It is clear by now that China has comprehensively implemented reforms in the economic, political, social, cultural and environmental fields, as well as in the construction of the Party and the military.

The main goal of the economic reform is to strike the right balance between the government and the market, so that the market plays a decisive role in resource distribution while the government takes measures to improve governance.