Politics
Chinese DR looks more and more like E24
Chinese President Xi Jinping announces reforms and promises an even more market-oriented economy ahead of a major policy meeting in three weeks.
We want to create a more market-oriented, more legal and more international business environment. China's door will only become more beautiful and will never be closed, Xi said in a speech on Friday.
It was held at the Great Hall of the People in Beijing before a number of distinguished guests from home and abroad to celebrate 70 years since China adopted the Five Principles of Peaceful Coexistence.
Yesterday it became clear that an important meeting within the Communist Party. The third plenary meeting will be held from July 15 to 18. Several major reforms should be announced there.
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economic model under pressure
China is under pressure from Western countries to change its economic rules, which are criticized for favoring Chinese companies over foreign ones.
In addition, China is accused of supporting major exporting companies.
Recently, the EU announced punitive tariffs on the import of electric cars from China, as it believes several companies are subsidized by the Chinese state.
China is also grappling with a debt crisis in the real estate sector, where activity has boomed in recent years.
In addition, the authorities have failed to increase Chinese consumption to the desired level and youth unemployment remains very high.
China promotes peace
In his speech, Xi praised China as a force for peace in the world. He also said China will continue to play a constructive role in conflicts such as Gaza and Ukraine.
China has been criticized by Western countries for failing to condemn Russia's invasion of Ukraine, but considers itself a neutral party in the conflict despite its close economic cooperation with Russia.
In the Israeli-Palestinian conflict, China has long advocated a two-state solution.
The Chinese president also used the opportunity to launch what was likely an attack on the United States, which has introduced significant trade restrictions against the country.
He spoke out against the American policy of small gardens and high fences, which he said went against the grain of history.
This will only harm the common interests of the global community, he said.
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