President Xi Jinping and China’s senior leadership say structural reform, not stimulus, is the way to move the economy ahead. Photo: AP

China leaders vow to reform, not to stimulate, economy as trade deal with US nears

  • Surprisingly strong growth in first quarter of 2019 brings shift in policy focus
  • Beijing’s pledges chime with Washington’s demand for ‘structural reform’
Topic |   China economy

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President Xi Jinping and China’s senior leadership say structural reform, not stimulus, is the way to move the economy ahead. Photo: AP
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Orange Wang

Orange Wang

Orange Wang covers the Chinese macroeconomy, and has many years of experience with China's monetary and fiscal policy moves. He also covered global market and financial news for a long time, with a particular focus on new technologies and their influences on economic growth and society. Before joining the South China Morning Post, Orange worked as a Shanghai Correspondent for ET Net, a Hong Kong financial news agency.

Zhou Xin

Zhou Xin

Zhou Xin co-leads the political economy team at the Post. He mainly covers economic stories but also writes about Chinese politics and diplomacy. He has previously worked for Reuters and Bloomberg in Beijing.