Economics

China’s New Leaders May Back More Reform, Huntsman Says

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The new leaders that will take over China in the next year may find themselves forced to open the country’s economy and political life as they try to maintain its economic growth, said Jon Huntsman Jr., a former U.S. ambassador to China and Republican presidential hopeful.

“Their opening to the rest of the world will require a certain standardizing of the way business is done,” Huntsman said yesterday at an event in New York organized by the National Committee on United States-China Relations. “You just can’t make decisions behind the velvet curtain.”