Comment on Xi says China's prospects are bright but challenges severe

Xi says China's prospects are bright but challenges severe

BEIJING (AP) — Chinese President Xi Jinping proclaimed his nation's prospects as bright but made a rare acknowledgement of severe economic challenges as he opened the ruling Communist Party's twice-a-decade national congress on Wednesday. Other Chinese leaders have regularly warned since the 2008 financial crisis that China's economic growth faces "downward pressure" due to weak global demand that threatens export industries in the world's second-largest economy.

 

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