Xi Calls for More Economic Opening, Trade as Recovery Falters

  • Xi makes comments at a meeting calling for deepening reform
  • Foreign consultancy crackdown has weakened investment appetite
WATCH: China’s new loans accelerated in June after a PBOC rate cut in the middle of the month. John Liu reports.Source: Bloomberg
Lock
This article is for subscribers only.

Chinese President Xi Jinping called for greater opening up of the world’s second-biggest economy to focus on foreign cooperation in areas including trade and investment.

“In building a new development pattern and promoting structural opening up, key areas of foreign exchange and cooperation such as investment, trade, and financial innovation should be focused on,” CCTV quoted Xi as saying in a meeting on deepening reform on Tuesday.