Politics
Xi Jinping discusses major reform measures ahead of summit meeting
Chinese President Xi Jinping said Friday his government was planning major steps to deepen reform, weeks before a major political meeting expected to make economic recovery a priority.
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China is experiencing difficulty relaunching its growth since the abandonment at the end of 2022 of the strict health policy put in place against Covid-19.
The world's second-largest economy is in the grip of a crisis in the real estate sector, continued weak consumption and high youth unemployment.
We are working today to design and implement important measures aimed at deepening reform on all levels, and continue to expand institutional openness to create a business environment more in line with market rules, legislation and international standards. , Xi Jinping said in a speech.
The modernization of China, with a population of more than 1.4 billion, means the emergence of a gigantic market, the scale of which exceeds that of all developed countries combined. China's doors will open wider and wider and will never close, he stressed.
In Xi Jinping's mouth, the word reform is most often understood in the sense of economic adjustments, rather than upheavals. It can also designate the reorganization of certain structures of the state or the army. The authorities have already adopted measures in real estate in recent months to try to resolve the crisis.
An important meeting of the Chinese Communist Party (CCP), the Third Plenum, generally devoted to major economic guidelines, will be held in mid-July, state media announced on Thursday. Analysts expect the announcement of measures to support activity following this meeting.
Xi Jinping spoke on Friday in Beijing during a ceremony marking the 70th anniversary of the Five Principles of Peaceful Coexistence, one of the foundations of his foreign policy.
We will work to find solutions with Chinese characteristics to major issues and play a constructive role on Ukraine, the Israeli-Palestinian conflict, Iran and Afghanistan, the Chinese president promised.
China is regularly criticized by Westerners, because it has never condemned Russia for its invasion of Ukrainian territory. However, it calls for respect for the territorial integrity of all states – including Ukraine.
The Asian giant also increasingly intends to play a mediating role in conflicts in the Middle East.
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