China Pledges Further Economic Opening – Krishna Guha

From Financial Times:

China’s vice-premier Wu Yi pledged to push ahead with “reform and opening up” of the economy at the opening session of the first US-China strategic economic dialogue in Beijing Thursday, even as she pushed back against US “misunderstanding” of China.

Ms Wu said China will “continue to deepen reform of the financial system” and “reform the price-forming mechanism” so that interest rates and exchange rates, among other prices, are “genuinely based on market supply and demand.”

Declaring that the world should see China as “an opportunity instead of a threat”, the vice-premier said Beijing would “continue to intensify intellectual property rights protection” and “uphold the multilateral trading system.”[Full Text]

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