Trump has begun another trade war. Here's a timeline of how we got here
Canada's leader laments lost friendship with US in town that sheltered stranded Americans after 9/11
Chinese EV giant BYD's fourth-quarter profit leaps 73%
You're an American in another land? Prepare to talk about the why and how of Trump 2.0
Chalk talk: Star power, top teams and No. 5 seeds headline the women's March Madness Sweet 16
Purdue returns to Sweet 16 with 76-62 win over McNeese in March Madness
BEIJING (Reuters) - China will deepen reforms to tackle institutional obstacles to economic modernisation, President Xi Jinping was quoted by state media as saying on Thursday, ahead of a closely watched meeting on reforms.
The ruling Communist Party's central committee will gather in July for a key meeting known as a plenum, the third since the body of elite decision makers was elected in 2022, focusing on reforms amid "challenges" at home and abroad.
"We will strive to resolve deep-seated institutional obstacles and structural contradictions, so as to constantly inject strong impetus into Chinese-style modernisation and provide strong institutional guarantees," Xi was quoted as saying at a seminar attended by company executives and economists.
Chinese leaders have pledged to push reforms and policy advisers have proposed overhauling the tax system to tackle the root cause of surging municipal debt, relaxing urban residency permits to boost consumption and creating a level playing field for the struggling private sector, among other reforms.
Xi called for coordination on reform measures to ensure various changes work cohesively, preventing internal conflicts.
Government officials should be proactive on reforms but should also act within their limitations, Xi added.
(Reporting by Beijing Newsroom and Kevin Yao; Editing by Ros Russell)
