Chinese president reassures neighbors on security, slowing economy
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Chinese President Xi Jinping has told Asian business and political leaders that his country only aspires to peace and he is confident China's growth will remain robust despite a recent slowdown.
Speaking on the sidelines of the annual summit of the Asia-Pacific Economic Cooperation forum, Xi said China's economic growth and other indicators are within reasonable expectations.
He said Monday that wide-ranging reforms needed to shift China's economy away from dependence on government spending will be difficult, but not insurmountably so.
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Xi, who was appointed president in March, is presiding over reforms Beijing says are needed to sustain growth in the long run after it dropped to a two-decade low of 7.5 percent in the second quarter.
The economy is forecast to grow by less than 8 percent this year.