China's Third Plenum Concludes: Here Are The Main Takeaways As China Slides Into "History's Garbage Time" While a far cry from the market-moving event it used to be just a few years ago (when it promised to unleash a firehose of inflationary, stimulative liquidity) the third Chinese plenum - which sets out the country’s economic priorities for the next five years - concluded on Thursday and delivered some newsworthy developments, most notably that President Xi Jinping vowed to “deepen reform” and “resolve” the risks of mounting real estate and local government debt as well as make “high-quality development” the guiding force of the world’s No.