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Chinese President Xi Jinping (left) and Premier Li Keqiang (Photo by Kosaku Mimura)
China People's Congress 2018

Business views divided on policy direction of Xi's China

Local executives express optimism while foreign companies feel less welcome

SHUNSUKE TABETA, Nikkei staff writer

BEIJING -- As Xi Jinping prepares to begin his second term as China's president with no end in sight now to his rule, the difference between the views of local and foreign businesses on the country's policy direction are becoming starker.

Chinese business leaders, many of whom have gathered in Beijing as members of country's top consultative body, the Chinese People's Political Consultative Conference, are applauding moves they say will bring improved efficiency and stability. Their upbeat tone contrasts with increasing pessimism about China's business environment from foreign companies active in the country.

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