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New President Xi Says China’s Growth Must Be Shared More Fairly

March 17 (Bloomberg) -- President Xi Jinping told delegates of the country’s parliament that the ruling Communist Party must fulfill the “Chinese dream” and share the benefits of economic growth more equally.

“Chinese people living in our great motherland and this great era shall share the chance of living a splendid life, share the chance of realizing the dream, share the chance of growing and improving along with the motherland,” Xi told the closing session of the National People’s Congress.

Xi, who replaced Hu Jintao as president March 14, vowed to fight corruption, work to improve ties between the mainland and Taiwan, and maintain friendly relations with other nations. He also said that China must be led by the Communist Party and the military must “listen to the party’s command.”

Xi and newly selected Premier Li Keqiang are set to oversee the world’s second-biggest economy for the next decade. Li is set to hold a briefing later today.

To contact Bloomberg News staff for this story: Michael Forsythe in Beijing at mforsythe@bloomberg.net

To contact the editor responsible for this story: Paul Panckhurst at ppanckhurst@bloomberg.net

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