What Xi's vow to open markets means for investors

China says it will allow more foreign and private capital into some state monopolised industries, but are they opportunities investors should take?

Chinese President Xi Jinping is re-fashioning himself in the shape of the People's Republic’s founder Mao Zedong and has an equally clear vision for his country. On Wednesday, he told 2,300 delegates he wanted China to become an “innovative country” by 2035 and a “modernised” one by 2050.

To hit his first goal, China’s gross domestic income per capita needs to rise by an average of 6.6% in real dollar terms from 2017 onwards, according to an October 18 ANZ report, which benchmarks China against South Korea. 

To be a modernised economy by 2050, China’s average growth rate needs to be 4.9% and 3.3% per year...

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