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pace of reform

China’s Xi, in New Year’s address, says pace of reform won’t ‘stagnate’

BEIJING: The pace of reform in China will not stagnate and it will open its door wider still to the outside world, 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…