I cover the economic and financial world outside the USA, for the USA. If I uttered the word plenum, you might think I was a surgeon or arcane barrister, and not a casual observer of Chinese politics.

The third plenum lays the matter bare. Xi clearly has no intention of changing course. This article is an extract from The Telegraph’s Economic Intelligence newsletter.

The Communist Party of China is about to hold its much-delayed third plenum, traditionally a time for unveiling major economic strategies for the next five to 10 years.

It decides on state apparatus personnel in the second session, and it then outlines policy directions in the third plenum. Several third plenums in the past are remembered for being turning points.

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