China's economy will produce "miracles that will impress the world" in the coming years, President Xi Jinping promised in a high-profile speech Tuesday marking four decades since the country embarked on its earthshaking economic transformation.
But Xi's speech was short on specifics, with no concrete policies or plans to tackle China's increasingly complex economic problems, which include weakening growth, rising debt and an ongoing trade war with the United States. In a speech lasting more than 80 minutes in Beijing's Great Hall of the People, Xi praised his country's "hard work, wisdom and courage" and listed its achievements since former leader Deng Xiaoping launched the era of "Reform and Opening" in 1978.
But Xi's speech was short on specifics, with no concrete policies or plans to tackle China's increasingly complex economic problems, which include weakening growth, rising debt and an ongoing trade war with the United States. In a speech lasting more than 80 minutes in Beijing's Great Hall of the People, Xi praised his country's "hard work, wisdom and courage" and listed its achievements since former leader Deng Xiaoping launched the era of "Reform and Opening" in 1978.
