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Lack of innovation is 'Achilles heel' for China's economy, says President Xi Jinping

Updated : May 16, 2019 02:33 PM IST

Xi has repeatedly promised to open up the Chinese economy, including a vow at a key party meeting in 2013 to let markets play a "decisive" role in the economy, but has also called for stronger, bigger state firms.
Lack of innovation is 'Achilles heel' for China's economy, says President Xi Jinping
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