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Xi vows to keep opening up but will not be dictated by others

Chinese leader lauds progress, but offers no new measures on trade spat with US

Chinese President Xi Jinping applauds at an event marking the 40th anniversary of China's reform and opening up at the Great Hall of the People in Beijing on Dec. 18.   © Reuters

HONG KONG -- Chinese President Xi Jinping pledged to continue the economic reforms started by former leader Deng Xiaoping four decades ago, but will not seek counsel from "arrogant teachers," the country's leader said Tuesday in a speech marking the 40th anniversary of Deng's program of "reform and opening up."

The anniversary comes as the country wrestles with a slowing economy and the effects of the trade war with the U.S. No fresh policy initiatives were announced during Xi's speech regarding the trade spat. Instead, Xi reiterated the importance of strengthening the leadership of the Communist Party in pushing market liberalization forward.

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