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Xi Stresses Reining in Systemic Risks as China's Leaders Gather

President Xi Jinping said China will continue "seeking progress while maintaining stability" this year and that better supervision is needed to control financial risk, according to the official Xinhua News Agency.

Leaders will strive to improve the quality and efficiency of the economy and deepen supply-side structural reform, Xi said at a meeting of the Central Leading Group on Finance and Economic Affairs, Xinhua reported Tuesday. Xi also called for keeping the property market stable and promoting cuts in excess industrial capacity.