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2017-03-06T005940Z_1_KBN16D033_RTROPTT_0_US-CHINA-PARLIAMENT.XML

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        <headline>China's Xi says Shanghai should lead in reform, innovation: Xinhua</headline>
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              <p>SHANGHAI (Reuters) - Shanghai should lead China's plans to reform and advance innovation, the official Xinhua news agency has reported President Xi Jinping as saying at the annual meeting of parliament. </p>
              <p>Xinhua reported that Xi told the National People's Congress (NPC) on Sunday that Shanghai should try to ensure its free trade zone was a bastion of reform and financial innovation.</p>
              <p>It should also assist China with its "One Belt, One Road" initiative that will provide services along Silk Road trade links, he told the NPC, China's largely rubber-stamp parliament.</p>
              <p>Xi said the Shanghai free trade zone should be a channel for Chinese entities to "step outside" and an example for other regions, Xinhua reported.</p>
              <p>The global environment was complex and volatile and downward pressure on the domestic economy was great, said Xi, while China insisted on steady progress.</p>
              <p>China said last August it would set up seven new free trade zones in Liaoning, Zhejiang, Henan, Sichuan, Shaanxi and Chongqing.</p>
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              <p> (Reporting by Engen Tham; Editing by Paul Tait)</p>
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