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1st Ld: Xi presses reform, innovation

Xinhua, November 9, 2015 Adjust font size:

President Xi Jinping called for more reform and innovation on Monday as the country will enter its 13th Five-Year-Plan period.

"Reform and development have achieved a high degree of integration. Further development needs to be based on reforms while progress in reforms gives a strong impetus for development," Xi said during the 18th meeting of the central leading group for comprehensively deepening reform.

The spirit of reform and innovation must be strengthened and the country's governance system shall be modernized, said Xi, who also heads the leading group.

Last week, the Communist Party of China (CPC) Central Committee announced a comprehensive proposal for the country's development over the five years starting 2016.

The importance of creating a network of high-standard free trade areas was highlighted during Monday's meeting, which can better mobilize both domestic and international resources.

The leading group emphasized that the market should be allowed to play a decisive role in allocating resources, and the government should play a better role. In addition, China shall open its services sector wider.

Innovation was urged in processing trade so that China can gain new edges in international competition while not losing its traditional advantages. Consistency of government policies in this regard is needed to help processing trade develop and move up the global value chain.

China will attach greater importance to the quality rather than quantity of its foreign trade, with the aim of becoming an international trading powerhouse, according to a statement issued after Monday's meeting. Endi