By Kunle SHONUGA
China’s pace of reforms will not “stagnate’’ and its door will open wider and wider, President Xi Jinping said on Monday, as he also warned of challenges ahead.
President Jinping said this in his New Year message in Beijing.
He has repeatedly pledged his support for reform this year, as China marks 40 years since landmark economic reforms, amid mounting pressure to accelerate reforms and improve market access for foreign companies as a trade war with the U.S. weighs on the economy.
In a speech carried by all major state media, Jinping said that, in 2018, China had pushed more than 100 important reform measures.
“The world has seen a China whose reforms and opening up have gathered speed and has seen China’s determination to follow through with reforms and opening up,’ Jinping said.
“Our pace of reforms will not stagnate, and the door to opening up will widen further.’’
Jinping did not make specific mention of the trade war with the U.S., noting that 2019 would bring “opportunities and challenges’’.
“As we open our eyes to look at the world, we are faced with huge changes, changes not seen in 100 years,’’ he added, without elaborating.
“No matter how the international situation changes, China’s confidence and determination to safeguard national sovereignty and security will not change.
“China’s sincerity and goodwill for maintaining world peace and promoting common development will not change.’’
