TAPEI, Taiwan ( TheStreet) -- Just days after an annual Communist Party meeting packed with the secrecy that usually keeps investors guessing about their odds of success in the $8.8 trillion economy, the leadership suddenly told us what's going on. Though what the leaders said was still vague and patchy, it should help foreign investors.A blueprint released Nov. 15 to summarize the stuffy-sounding Party plenary session in Beijing says China will allow private banks for the first time as it continues liberalizing interest rates. The government will also let the free market decide prices on utilities, gas, oil and transport.
China Watch: Breaking Down Barriers to Private Business
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