At the 40th anniversary of market liberalization, Chinese President Xi Jinping used one and a half hour to delivered some high level promises but failed to deliver any specifics. He said “we must, unswervingly, reinforce the development of the state economy while, unswervingly, encouraging, supporting and guiding the development of the non-state economy”.
He added that “Every step of reform and opening up is not easy. In the future, we will be inevitably faced with all sorts of risks and challenges, and even unimaginable tempestuous storms.” But he also emphasized that “opening brings progress while closure leads to backwardness.”
