BEIJING Tue May 27, 2014 8:01am
President Xi Jinping has emphasized the importance of free in the country's economic reforms, state media said on Tuesday, another indication that the government is persevering with plans to bring about sweeping changes.
Allowing market forces to allocate resources would mark a new stage of growth in the world's second-biggest , Xinhua news agency said Xi told the Politburo on Monday.
As part of plans to alter the and reduce dependence on exports and state investment, Beijing unveiled in November its most ambitious plan for change in 30 years that would allow free to have a bigger role.
The key question is how to handle the relationship between the market and the government, Xi told the Politburo, an elite body made up of the country's 25 most powerful leaders.
Remaking China's growth engine is one of the most important jobs faced by Xi's government, which is under pressure to produce results before some leaders retire at the next change in leadership in 2017.
But change has been made trickier still by China's slowing -- and maturing -- economy, which is expected to cool to a 24-year-low in growth of 7.3 percent this year.