Chinese President Xi Jinping will deliver an important speech at the Great Hall of the People at 10 a.m. on Tuesday (local time) to mark the 40th anniversary of China's reform and opening, Xinhua News Agency reported on Sunday. Some expect that the speech could include a solution to the U.S.-China trade war or at least a clue to the end of the U.S.-China trade war.

The day will mark the 40th anniversary of China's reform and opening policy under Deng Xiaoping's leadership. On December 18, 1978, Deng Xiaoping, then deputy prime minister, decided on a reform and opening policy along with his supporters, causing a huge shift in China and the world economy.

This year's 40th anniversary event was overshadowed by the U.S. trade war and slowing economic growth. Xi is in a dilemma. The U.S. and China have to make concessions to the U.S. to end the U.S.-China trade war, but if it is seen as a result of China's push, Korea's political position can deteriorate.

In his 40th anniversary speech, Chinese President Xi is expected to present a strategy of exit from the trade war. Hong Kong's South China Morning Post (SCMP) recently reported that Chinese President Xi will announce measures to open markets in his speech.

Analysts say China will use its 40th anniversary speech as an opportunity to show both at home and abroad how it does not look weak and makes big concessions to the U.S.

Jude Blancom, a senior adviser to investment information firm Crumpton Group, said, "We can release new market liberalization policies in the name of measures necessary for the Chinese economy," adding, "The 40th anniversary of the opening of the reform is just a good opportunity."

The Chinese government can promote its reform and opening policies not because of U.S. pressure, but because of U.S. pressure.스포츠토토
Xi is expected to announce principles of expanding foreign investors' rights, strengthening intellectual property rights of foreign companies, and expanding the opening of the service sector, and launching detailed policies.

Given that there has been a similar trend in past events, it is possible that Xi will be able to save face. In 2008, Chinese President Hu Jintao reiterated China's commitment to market reform at a gathering of 6,000 elite political and economic officials.
After a summit meeting with U.S. President Donald Trump on Thursday, Xi is cautious about disclosing China's concession proposal to the Chinese people. For example, five days after the summit, the news of the 90-day armistice was released on May 5.

In addition, 10 days after President Trump mentioned the possibility of lowering tariffs on automobiles, the Chinese government officially announced that it would lower tariffs on U.S. cars from the current 40 percent to 15 percent.

Following China's resumption of imports of U.S. beef, there is a possibility that corn will be purchased again. Bloomberg News quoted an anonymous source as saying that China plans to purchase 3 million tons of U.S. corn, which the Chinese government is silent about.

Signs of slowing Chinese economy also reinforce the need for exit strategies. China, which had a growth rate of more than 10 percent, has lowered its target growth rate to 6.5 percent this year.

Next week, China's Central Economic Cooperation Conference will be held to decide on the direction of economic policy management for next year. It is the venue where key leaders of the Communist Party, heads of ministries, and heads of 31 provinces and municipal and provincial governments are participating to draw an outline of economic policies for the New Year.

There is a high chance that they will significantly lower their growth target for next year. Based on experts' analysis, Chinese media predicted that next year's economic growth rate could be set at 6 percent, or 6.0 to 6.5 percent. If the figure is set to 6%, it will be reduced by 0.5 percentage point from this year.

Xi faced the task of setting up strategies to escape from the trade war with the U.S., effectively communicating with the Chinese people, and turning the tide of the Chinese economic slowdown.

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