BEIJING (Reuters) – The lack of change is China's "Achilles heel", President Xi Jinping warned in an article given the high popularity of state media on Thursday, where he was also worried in the economy because of being big but not strong.
Chinese Chinese Head Xi Jinping raised his glass and suggested a toast at the end of his speech during a banquet, after the attendance ceremony of leaders attending the Belt and Road Forum at the Great Hall of People in Beijing, China, April Xi's comments, conducted in the latest issue of the influential bimonthly theoretical journal of the ruling Communist Party of Qiu Shi, were made in a statement in January 2016, and originally published by a year to year. collection of Xi's advice.
In the piece, re-published the economic face strains during a long-term trade war in the United States, Xi takes an unvarnished view of the country's face problems.
"Even though our economy is vaulted in second place in the world, it is big and not strong, and bloatingness and weakness are pretty prominent," Xi said.
"This is largely reflected in the lack of strength in innovative ideas, which is the & # 39; Achilles heel" of this lug of our economy. "
China's technological strength of development is at the lower end of the global value chain, and the country's "reserves" for science and technology are far enough, he added.
"The environment in which we open and develop today is usually more desirable than ever before, while the contradictions, dangers, and games we face are unprecedented. If we are not careful, we can fall into the traps set by others. "
Xi has repeatedly promised to open up the Chinese economy, including a vow at an important party meeting in 2013 to let the markets" be decisive "economic function, but also called for stronger, larger state firms.
The lack of market access for foreign companies is one of the reasons for the current U.S. trade dispute. in China, a complaint filed by the European Union, China's largest trading partner.
Reprinting of speech came when the Trump administration was subjected to Huawei with serious penalties on Wednesday, banning the giant Chinese telecom from buying components and technology from U.S. companies without the prior approval of the United States government.
The article was Thursday widely taken by other state media outlets, likely to order propaganda ministries to ensure maximum impact and reading.
In an explanation piece to accompany the reprinting of speech, Qiu Shi also made direct reference to the trade war in the United States, which saw the same levels of country tariffs on each import, and suggested no reason for the alarm , a Chinese message is repeatedly placed.
"The whole party should be prepared to make harder and harder efforts and make a good struggle," said the bimonthly publication.
"China's economy is full of strength and stability.The long-term positive trend has not changed and will change. It is certain to cope with the various risks and challenges, including the Sino-US economy and trade shortcomings. "
Ben Blanchard's Reporting; Editing by Michael Perry