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China's Xi promises reform in event with US business leaders

October 31, 2017 - 2:03 am

BEIJING (AP) — President Xi Jinping has promised to open China's economy wider during a meeting with American business leaders ahead of a visit by U.S. President Donald Trump.

Xi met Monday with a group that included Apple CEO Tim Cook, Facebook CEO Mark Zuckerberg and Blackstone Group chairman Stephen Schwarzman, who are members of an advisory board of Beijing's Tsinghua University business school.

The official Xinhua News Agency reported on Tuesday that Xi promised to "introduce a series of initiatives to promote and expand opening up."

The event follows a key Communist Party meeting last week at which Xi promised to support private business but also affirmed plans to build up state-owned industry.

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