1. The Communist Party of China (CPC) has decided on the country's course for the next five years, targeting medium-high economic growth, highlighting innovation and abandoning the decades-long one-child policy, after a key meeting on Thursday.+ The four-day Fifth Plenary Session of the 18th CPC Central Committee adopted proposals for economic and social development in the 13th Five-year Plan (2016 to 2020).
2. China will attract more foreign investors by being clearer on the rules that apply to them, according to a communique released on Thursday following the Fifth Plenary Session of the 18th CPC Central Committee. At this key four-day meeting, leaders decided on nationwide adoption of the "negative list" model that clearly states sectors and businesses that are off limits to foreign investment. The communique suggested the service sector in particular should be further opened to foreign investment.
3. Chine's foreign exchange reserves are highly liquid and very safe and are capable of giving dependable support to central bank's operations in foreign-exchange market, according to Yin Yong, assistant governor of the People's Bank of China. At a forum on Thursday, the official also ensured the validity of China's forex reserve figures, saying that calculations are totally in line with International Monetary Fund standards.
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