Chinese President Xi Jinping says China won't return to planned economy, seeks cooperation

Chinese President Xi Jinping said he won't let the world's second-largest economy return to its days as a planned economy, pushing back against US criticism that the nation has failed to deliver on promised reforms. "We've come to the understanding that we should not ignore the blindness of the market, nor should we return to the old path of a planned economy,"Xi told political advisers gathered in a meeting.