Interviewed on the side-lines of the inaugural SMU China Forum, Professor Peng Xizhe of Fudan University and Professor Gan Li of Texas A&M University commented on the communique released by China’s leadership after the Third Plenum. The communique’s “Plenum Pledges” included fiscal and land reforms, the relaxation of investment controls and allowing the market to play a more decisive role in allocating resources, but contained very little detail of how these would be achieved.