The pace of reform will not slow and the country will continue to open its markets, said President Xi Jinping in his annual New Year message, as the Chinese economy faces a mountain of headwinds in coming months.
The President’s speech, broadcast throughout China on all major state media platforms, hailed the government’s progress in 2018, including pushing through 100 significant reform measures.
“The world has seen a China whose reforms and opening up have gathered speed…” said Xi. “Our pace of reforms will not stagnate, and the door to opening up will widen further.”
Xi has persistently voiced his backing for further reform and increased market access for foreign business, particularly as the Communist Party celebrates the 40th anniversary of economic reforms under Deng Xiaoping. Many overseas entities remain frustrated, however, with what they perceive to be a lack of concrete progress in these areas.