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Economics

Xi, Facing Skepticism, to Position Himself as Champion of Reform

  • Address will mark 40th anniversary of ‘Reform and Opening Up’
  • Pivoting from Deng’s advice for China to lie low, bide time
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Fraser Howie, co-author of "Red Capitalism," discusses the 40th anniversary of China’s "reform and opening."(Source: Bloomberg)
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Xi Jinping is expected to use a speech in Beijing to argue that the four-decade-old reform process which transformed China’s economy is continuing, at a time when increasing state control and confrontation with the U.S. fuel skepticism.

The Chinese president’s address Tuesday at a party gathering in Beijing marking the 40th anniversary of Deng Xiaoping’s “Reform and Opening Up” will give him a high-profile chance to solidify a reputation he has sought to hone since Donald Trump’s election as U.S. leader in 2016.