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China's Xi says to accelerate market opening, expand imports: state radio

Reuters  |  BEIJING 

(Reuters) - Chinese President Xi Jinping said on Monday that will accelerate market opening and clear administrative hurdles to boost foreign investment, while stepping up financial regulation to fend off systemic risks at home.

Meanwhile, the government will expand while keeping exports steady, Xi told the Communist Party's financial and economic leading group in a regular meeting, as reported by State Radio.

will also keep its yuan currency basically stable and its exchange rate within a "reasonable" range, he was reported as saying.

(Reporting by Monitoring Desk; Editing by Jacqueline Wong)

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)