China’s third plenum sets a business blueprint

Who gives a plenum? Few in business understand the importance of these meetings by the Chinese Communist Party (CCP) and the role they play in setting the broader economic and business environment. Understanding this role is made more difficult because each of the seven plenums have a different purpose.

The first plenum elects the party’s new leadership. Changes made here often take many months to work through the system as new policies. Decision-making at a local level is sometimes stalled.