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BEIJING  China's leaders have promised to open its markets wider to 
private and foreign competitors in a sweeping reform plan aimed at rejuvenating 
a slowing, state-dominated economy.The pledges come in a report issued Friday 
that is meant to serve as a blueprint for economic development in 
the coming decade. It was issued following a closely watched Communist Party 
conference that ended this week.Chinese leaders are under pressure to replace 
a tapped-out growth model based on exports and investment.The ruling party 
pledged in Friday's report to allow the creation of privately owned banks 
and to allow the market to allocate resources   moves that 
will help more efficient private companies.As for foreign companies, the 
plan pledges to ease limits on foreign investment in e-commerce and other 
industries.
na's family-planning policy currently 
limits most urban couples to one child and allows two children for 
rural families if their first-born is a girl. It also allows two 
children for parents who themselves are both singletons.The new policy will 
allow two children for families where only one parent was an only 
child.The Chinese government credits the one-child policy introduced in 
1980 with preventing hundreds of millions of births and helping lift countless 
families out of poverty. But the strict limits have led to forced 
abortions and sterilizations, even though such measures are illegal. Couples 
who flout the rules face hefty fines, seizure of their property and 
loss of their jobs.Last year, a government think tank urged China's leaders 
to start phasing out the policy and allow two children for every 
family by 2015, saying the country had paid a "huge political and 
social cost."The China Development Research Foundation said the policy had 
resulted in social conflict, high administrative costs and led indirectly 
to a long-term gender imbalance because of illegal abortions of female fetuses 
and the infanticide of baby girls by parents who cling to a 
traditional preference for a son.
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