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Xi says China must rely on innovation-driven growth model

Chinese President Xi Jinping said on Thursday that China must rely on a growth model driven by innovation while continuing to deepen supply-side reforms, reported Reuters.

Xi also called for stronger policy coordination among international communities, saying globalization is “irreversible” and that China will not engage in “de-coupling”.

Xi made the comments in a keynote speech delivered via video at the APEC CEO Dialogues, ahead of a leaders’ virtual summit on the future of international cooperation on Friday.

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