Caixin Summit: Despite Economic Headwinds, China Must Press On with Reform, Economists Say

(Beijing) – China must continue to transform its economy and deepen many of the reforms it is pursuing even as growth encounters headwinds, economists speaking at the Sixth Caixin Summit on November 6 said.

"The most important thing is for laggard social and political reforms to catch up," said Wu Jinglian, a leading economist. "For instance, an institutional arrangement should be in place to streamline administrative procedures and give more power to the market."