China is planning ‘major’ economic reforms, Xi saysAFP, BEIJINGChinese President Xi Jinping (習近平) yesterday said that the Chinese Communist Party was planning and implementing “major” reforms, ahead of a political conclave that is expected to put economic recovery high on the agenda. Chinese policymakers have struggled to reignite growth since late 2022, when restrictions put in place due to the COVID-19 pandemic were lifted. Chinese President Xi Jinping attends a ceremony at the Great Hall of the People in Beijing yesterday. Photo: APPolicymakers “are planning and implementing major measures to further deepen reform in a comprehensive manner,” Xi said in a speech at the Great Hall of the People in Beijing. “We will ... form a more market-oriented, legal and international business environment.”“China’s door will only open wider and wider, and will never be closed,” he added.

Source: Taipei Times June 29, 2024 13:43 UTC