China: Reforms aim to negate risks

China had the ability to continuously push forward economic reforms, President Xi Jinping said yesterday, even as the second-largest economy felt the strain of the global slowdown. “China has advantageous conditions for continuing healthy development, and we firmly grasp the right to take the initiative in our development,” he said. The state of the global economy had brought many negative consequences for development in China, and policymakers must observe and prepare for all kinds of risks, Xi said. – Reuters