Xi Vows Major Steps to Create World Class Business Environment

President Xi Jinping met with representatives from the American business and academic communities this week, telling them that China has a series of reform measures in the works that will create “broader development space” for U.S. and other foreign businesses.

“China is planning and implementing a series of major steps for comprehensively deepening reform,” Xi said at the meeting Wednesday, reiterating that reform and opening up is a key element for contemporary China in catching up with the times, according to a statement from the foreign ministry.