Xi says China will unwaveringly support private economy

October 15, 2022
Xi says China will unwaveringly support private economy
Opening ceremony of Chinese Communist Party Congress

BEIJING (Reuters) – China will unwaveringly support the private economy and let the market play decisive role in resource allocation, President Xi Jinping said in a speech on Sunday at the opening of the once-in-five-year Communist Party Congress in Beijing.

China will aim for high-quality economic growth and the next five years will be crucial for building a modern socialist power, Xi said.

(Reporting by Yew Lun Tian, Writing by Kevin Yao; Editing by William Mallard)

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