The Chinese Communist Party (CCP) has just concluded the Third Plenary Session of its 20th Central Committee, emphasizing continued reform and opening up. Phrases like "reform will not pause, and opening up will not stop," and "the market plays a decisive role in resource allocation," suggest a commitment to these principles. However, Xi Jinping's definition of reform diverges significantly from the Western interpretation rooted in Deng Xiaoping's era, which leaned towards a market economy and some political liberalization. Under Xi, the term “reform” has been redefined. Xi has clarified that moving towards Western "universal values" and political systems is a misinterpretation. T
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