Chinese premier Xi Jinping says his country’s economy faces “serious dangers”. If he is correct, then how can China offer Washington any concessions on trade? Especially those concessions floating around regarding a near wipe-out of the trade deficit between the two countries within six years.
Xi told a seminar of provincial leaders and cabinet ministers in Beijing on Monday that the Communist Party needed greater efforts to prevent and resolve major risks, the Xinhua News Agency reported. He cited problems with national politics and ideology, reforming the economy, environmental degradation, and geopolitical tensions.
“The party is facing long-term and complex tests in terms of maintaining long-term rule, reform and opening-up, a market-driven economy and within the external environment,” Xi reportedly said, adding that the party was becoming distant from the people.
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