China's govt to give markets bigger role

CHINA'S Communist Party ended a four-day meeting referred to as the Third Plenum yesterday, pledging to deepen reform and grant markets a "decisive" role.

In a statement published by Xinhua News agency and carried by state television, China's leaders said they would enact fiscal and land reforms, relax investment controls and give markets a more important role.

The statement added that the Party would allow more independence for its justice system and create a state security committee that "will improve social governance and safeguard the interests of the people".