Anbound's research team is of the view that the biggest shortcoming of the recently concluded fifth plenary session of the 18th CPC Central Committee was the lack of emphasis on market oriented reform.

China is in dire need of a new round of market-oriented reform to revitalize the market, to activate the dormant savings in the banks and to encourage private equity to invest.

According to the contents the communiqué published thus far, the third plenary session of the 18th CPC Central Committee has proposed market oriented reform as an important strategy, the fifth plenary session, however, seems to be unable to follow suit, making this a huge shortcoming.

If China is able to push a new round of market oriented reform, this will aid the development of the 13th five year plan.