Xi stresses supply-side reform in CPC anniversary speech

A grand gathering celebrating the 95th anniversary of the founding of the Communist Party of China (CPC) is held at the Great Hall of the People in Beijing, capital of China, July 1, 2016.

BEIJING - Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee, called for intensified efforts in supply-side structural reform on Friday, in a speech at a rally marking the 95th anniversary of the founding of the CPC.

The economy should be developed in a more effective, equitable and sustainable fashion and with higher quality, said Xi at the event in the Great Hall of the People in downtown Beijing.

China should foster an atmosphere in which the principles of innovation, coordination, green development, openness and sharing are upheld in order to expand economic power as well as overall national strength, he said.