China’s President Xi Jinping is taking big steps to improve the country’s economy as the trade war with the U.S. continues. In November, he enacted a number of measures that will expand imports and liberalize key sectors in the economy, predicting that China’s imports of goods and services will exceed $40 trillion in the next 15 years.

Innovation is at the core of Xi’s strategy to advance the “China Dream” of national rejuvenation, and the

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