China's Fourth Plenum concluded in Beijing at the end of October. This important Party meeting took up the topic of legal and judicial reforms, and it is clear that the impact will be far-reaching and will impact the country – and the business environment – in a profound way. KPMG's Global China Practice provides a short analysis of this Plenum. We put this meeting into context, and summarize the key outcomes. In particular we have provided our view on the potential impact to business in China as a result of some of the changes put forward in the Plenum.