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China Pledges to Further Open Up Economy at Davos

A top economic adviser and trusted aid of Chinese leader Xi Jinping has promised that reforms are coming to China this year and adds that some could even “exceed expectations.” Speaking at a forum on the Chinese Economy at the World Economic Forum, Liu He said China would take steps to open up the banking, finance and insurance sector as well as the manufacturing and service sector and other measures. “Many of our foreign friends have asked, you’ve made so many promises, but when will...

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