The Central Committee of the Communist Party of China (CPC) published a decision on issues regarding the improvement of the socialist market economic system on October 21.

The decision, approved at the Third Plenary Session of the 16th CPC Central Committee, which was held on October 11 - 14, outlined the major tasks to further improve the market economy to build a well-off society.

Meanwhile, the decision also named the Deng Xiaoping Theory and the important thought of the 'Three Represents" as the guideline in carrying out the economic system reform.