Cheer up, crises like the US trade war reform China’s economy

Cheer up, crises like the US trade war reform China’s economy

South China Morning Post - China·2018-12-22 09:30

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In the run up to President Xi Jinping’s speech at the grand gathering in Beijing on Tuesday to mark China’s 40th anniversary of reform and opening up, expectations were high, particularly among some overseas analysts, that he would announce substantive measures to defuse the trade war with the United States and outline plans to overhaul the economy.

Disappointment was palpable and stock markets in Asia took a hit as Xi announced no new policies and instead devoted the bulk of his speech to lauding the vision and wisdom of the ruling Communist Party and vowing to continue to strengthen authoritarian rule.

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