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Xi says China will steadfastly support the private sector

BEIJING, Oct 16 (Reuters) – China will steadfastly support the private sector and let the market play the crucial role in resource allocation, President Xi Jinping said in a speech at the opening of the five-year congress of the Communist Party in Beijing on Sunday Beijing.

China will strive for high-quality economic growth and the next five years will be crucial in building a modern socialist power, Xi said.

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Reporting by Yew Lun Tian, ​​writing by Kevin Yao; Adaptation by William Mallard

Our standards: The Thomson Reuters Trust Principles.

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