The New York Times - November 15, 2013
BEIJING — Treasury Secretary, Jacob J. Lew, described China’s declaration that market competition should have a decisive role in the country’s economy as an “ambitious reform agenda,” according to remarks on Friday by the secretary to the Chinese leader, Xi Jinping.
After meeting with Mr. Xi and other officials here, Mr. Lew said the
outcome of China’s long-awaited meeting on its economic program showed
there would “continue to be progress, but the question is how much and
how quickly.”
“The direction is significant, but the character and the pace of change matters,” Mr. Lew said.
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