China says it will deepen economic reforms, eliminate 'zombie' companies

摘要

China will continue to deepen its economic reform efforts, its ruling party said this week, accelerating the elimination of "zombie enterprises" that are at the heart of a major U.S. complaint. Chinese President Xi Jinping presided over the Political Bureau of the Communist Party of China Central Committee meeting on Tuesday. The meeting came as U.S. negotiators, led by U.S. Trade Representative Robert Lighthizer, were in Shanghai for the first round of face-to-face meetings with their counterparts since trade talks broke down in May. This week's discussions are expected to set the tone for future engagement.