Chinese President Xi Jinping said in Bali on Monday that his country will deepen reform and opening-up in all respects, as Chinese economy has entered a new stage of development.
"China is drawing up a master plan for the deepening of reform in all respects," said Xi, adding that challenges cropping up in development and institutional obstacles will be targeted, so as to create new impetus to economic development through reform in a balanced manner.Chinese President Xi Jinping speaks at the APEC CEO Summit in Bali, Indonesia, Oct. 7, 2013.
The president said that China will follow a more proactive opening-up strategy, which underlines balance in foreign trade, a legal environment in which foreign companies in China can operate in a level playing field, and overall planning for global and regional opening-up and cooperation, among others.
To overcome those challenges and obstacles, China will improve its basic economic system, reform the administration system and enhance innovation capability, Xi noted, pledging to promote socialequity and justice.
After wrapping up his state visits to Indonesia and Malaysia, the Chinese president arrived in Bali on Saturday afternoon to attend the APEC meeting, his first appearance at the summit since taking over the presidency in March.
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