China will continue market reforms and open its doors to the world in the face of a challenging geopolitical landscape, President Xi Jinping pledged Monday in a New Year speech. Xi said that in 2018 — 40 years since the transformation led by Deng Xiaoping — the country had enacted “systematic, holistic and reconstructive reforms of the party and state institutions”. China recently marked the anniversary of the momentous policy shift agreed at a Communist Party gathering on December 18, 1978 under late paramount leader Deng, who is considered the architect of the country’s opening up to the world.
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