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Reflections on 40 years of Chinese reforms

During this time, China moved from an inward-looking agrarian society to become the world's second-largest economy and an emerging power.

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Mr Xi says China will firmly commit to a multilateral global trading system and a further steady opening up of its economy.

ON Dec 18, 1978, the Communist Party of China (CPC) approved paramount leader Deng Xiaoping's historic plans for reform and opening up of China. It was an experiment unprecedented in human history. It ended the planned economy of the country but maintained the primacy of the CPC. It effectively...

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