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China to open economy, deepen financial reforms: Xi at party Congress

China will push ahead with market-oriented reforms of its foreign exchange rate as well as its financial system

Reuters  |  Beijing 

China will deepen economic and financial reforms and further open its markets to foreign investors as it looks to move from high-speed to high-quality growth, President Xi Jinping said on Wednesday. China will push ahead with market-oriented reforms of its foreign exchange rate as well as its financial system, and let the market play a decisive role in the allocation of resources, Xi said at the opening of a key, twice-a-decade Communist Party Congress. "China's open door will not be closed, it will be only be opened wider," Xi said. The government will ...

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First Published: Wed, October 18 2017. 14:50 IST
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