Xi Calls for Economic Reforms to Restore Business Confidence as China's Growth Slows

Xi Jinping calls for focusing on breaking down institutional obstacles to China's modernization efforts, as expectations build for the delayed third plenum party meeting.

Restoring economic confidence is key as foreign and private businesses lose faith despite 2023's 5.2% growth, due to unpredictable policies and stalled reforms.

The third plenary session will likely focus on economic reform plans to rekindle business optimism and address complaints like excessive government intervention.

There are calls for urgent, timely reforms to break down hurdles around market unity and opening up that are critical to China's future.

Real reforms are needed like reducing government micromanagement of firms and unpredictable policy enforcement to revive sentiment.