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Which way now for China's economy?
The latest Chinese reforms might seem to herald a shift to the right. BEN CHACKO digs below the surface to uncover a more complex picture

Concern over the direction of China's economy has risen on the left since the Communist Party's central committee plenum last month.

In my previous piece on the reforms announced at the meeting, I focused on changes to the hukou registration system and how it relates to social security, but many have questioned the concessions made to private capital in the broader economy.

There were certainly some alarm-bell moments for socialists. Party general secretary Xi Jinping referred to the "decisive" role of the market in allocating resources, while only last week the National Development and Reform Commission (NDRC) said it was "relaxing the level of enterprise investment that requires [Beijing's] approval" - surely indicating a reduction in state planning as a cornerstone of the economy.

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