From Lu's note: Not so meaningful semantic change on the role of “market” The communique changes the role of “Market Economy” from “基础性 (Jichuxing)” (used in the past 20 years ...

Bloomberg translated “ 基础性 (Jichuxing)” to “basic”, but we think it could be translated to “fundamental (foundational)” or “essential” as well. Regarding “决定性 ...