China’s Xi Jinping calls for support of state, private sectors

Xi was speaking on the day China marked as the 40th anniversary of the start of late leader Deng Xiaoping's campaign of "reform and opening up," which kicked-off market liberalisations that led to explosive industrial growth that made China's economy the world's second-largest.

Chinese President Xi Jinping on Tuesday called for support of the state economy while also guiding the development of the private sector, and said China will expand efforts at opening up and ensure the implementation of major reform measures.

Xi was speaking on the day China marked as the 40th anniversary of the start of late leader Deng Xiaoping’s campaign of “reform and opening up,” which kicked-off market liberalisations that led to explosive industrial growth that made China’s economy the world’s second-largest.

“We will reinforce the development of the state economy while guiding the development of the non-state economy,” Xi said in Beijing’s Great Hall of the People.

“Opening brings progress while closure leads to backwardness,” he added.