US-China Business Council head: CCP plenum to spur more restrictive policies

Key policies under consideration in Beijing this week signal the country is aiming to increase its control over companies and the economy rather than striving for market orientation, US-China Business Council President Craig Allen said this week. Chinese President Xi Jinping and members of the party’s Central Committee are meeting from Oct. 26-29 to devise economic policy goals for the next five years. Among those, according to Allen, are some good and some “problematic” possibilities.