Beijing, Chinese president Xi Jinping, delivering his annual New Year's Eve address, said that the domestic economy stayed within reasonable range in 2018 and that China will implement tax cuts in 2019.

Xi said that in 2018 - 40 years since the transformation led by Deng Xiaoping - the country had enacted 'systematic, holistic and reconstructive reforms of the party and state institutions'.

'The pace of our reform will not stagnate, and the open door will only grow bigger and bigger,' he said in a speech broadcast by the state-run CCTV.

Source: Jordan News Agency