MNI: China to Promote Globalization, Push State-Led Econ: Xi

     BEIJING (MNI) - China will continue to open up to the rest of the world,

promote globalization through supporting open and non-discriminatory

multilateral trade systems, and add new growth momentum through building on the

One Belt, One Road initiative, President Xi Jinping said Tuesday.

     It will "resolutely" strengthen and develop the state-owed economy while

supporting and directing the development of non-state sectors, Xi said in a

speech in Beijing marking the 40th anniversary of the country's reform and

opening-up policy.

     "China's development is inseparable from the world, and the world's

prosperity needs China," Xi said. It won't sacrifice other nations' interests

for its own development, nor will it give up its own rights, Xi said.

     China will actively participate in the reform and building of global

governance systems and carry its responsibilities as a "large nation," Xi added.

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

--MNI Beijing Bureau; +86 (10) 8532 5998; email: marissa.wang@marketnews.com

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com

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