The Third Plenum’s decision called for the market to play a “decisive” role in resource allocation while affirming the state’s larger role. This mixed formula framed the decade: market mechanisms would expand within party-state direction, with distributional questions over labor, land and public services still unsettled.
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How did the 2013 Third Plenum describe market and state roles?
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The decision combined stronger market allocation with continued state direction.
The 2013 Third Plenum called for markets to replace the state in economic governance.
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It assigned markets a decisive allocation role while retaining an important state role.