Party meeting focuses on better economic governance

China is likely to see breakthroughs in improving its business environment and the rule of law in economic fields to better unleash the country's growth potential and ensure high-quality development as the central leadership discusses governance systems and capacity at an ongoing Party meeting in Beijing, experts said.

The Fourth Plenary Session of the 19th Central Committee of the Communist Party of China, which is scheduled to conclude on Thursday, will likely set the tone for future policies about the country's economic governance, including efforts to carry out legal and administrative reforms and legal revisions concerning major economic issues.

The leadership will possibly discuss and elaborate on issues including building a fairer, more consistent and more transparent business environment, balancing the relationship between government and market, strengthening protection of intellectual property rights as well as consumer and investor interests and improving the legal framework of the country's financial market, experts said.