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Xi Jinping’s New Year’s address: pace of reforms won’t stagnate but challenges lie ahead for China

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Xi made no specific mention of the trade war with the United States, noting that 2019 would bring ‘opportunities and challenges’
The pace of reform in China will not stagnate and it will open its door wider still to the outside world, Chinese President Xi Jinping said on Monday in his New Year message, as he also warned of challenges ahead.
Xi has repeatedly pledged his support for reform this year, as China marks 40 years since landmark changes to its economic model, amid mounting pressure to improve market access for foreign companies as a trade war with the United States weighs.
In a speech carried by all major state media, Xi said that in 2018 China had pushed more than 100 important reform measures.

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