China’s Xi pledges ‘unswerving’ reforms
President calls for support for state economy and development of private sector
Beijing — Chinese President Xi Jinping has called for the unswerving implementation of reforms on Beijing’s terms, saying no one could boss it around, but offered no new measures in a speech marking 40 years of market liberalisation. In remarks lasting nearly an hour-and-a-half, Xi called for support for the state economy and development of the private sector and said China will expand efforts at opening up and ensure the implementation of major reforms. China’s substantial support of its sprawling state sector is a point of contention with the US. Xi was speaking amid mounting pressure to accelerate reforms and improve market access for foreign companies as a trade war with the US weighs on the economy. But he said China has to make its own decisions. “There is no textbook that can provide a golden rule, and there is no instructor who can boss around the Chinese people,” Xi said at Beijing’s Great Hall of the People.
Xi was speaking on the day China marked as the 40th anniver...
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