China's Economy Faces Considerable Downward Pressure, Xi Says

  • Xi says China seeks free-trade agreements with high-standards
  • China is coping with the 'temporary pain' of deep reform

Chinese Consumers Projected to Spend $56T by 2025

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Chinese President Xi Jinping acknowledged downside risks to growth while assuring fellow leaders that Asia’s biggest economy is resilient and will remain on the path of reform.

China is working to overcome the challenges of slowing global growth this year by advancing reforms and won’t change its policy on foreign investment, Xi said at the Asia-Pacific Economic Cooperation chief executives summit in Manila on Wednesday.