China’s Xi pledges to tackle institutional obstacles to economic modernization

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China will deepen reforms to tackle institutional obstacles to economic modernization, President Xi Jinping was quoted by state media as saying on Thursday, ahead of a closely watched meeting on reforms. The ruling Communist Party’s central committee will gather in July for a key meeting known as a plenum, the third since the body of elite decision makers was elected in 2022, focusing on reforms amid “challenges” at home and abroad. “We will strive to resolve deep-seated institutional obstacles and structural contradictions, so as to constantly inject strong impetus into Chinese-style modernization and provide strong institutional guarantees,” Xi was quoted...