Xi pledges to open China’s markets wider to an impatient world
President Xi Jinping on Monday pledged to widen access to China’s economy, while delivering a veiled rebuke to Trumpism, as he kicked off an import expo amid foreign accusations that he has backtracked on promises to play fair on trade.
Xi said China would “step up” efforts to stimulate imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements, though he was light on specifics.
“It is our sincere commitment to open the Chinese market,” Xi said in an address launching the event in Shanghai.
China would “foster a world-class business environment” and its doors will open “ever wider”, he said.
But Xi also pushed back at foreign pressure in comments clearly aimed at Donald Trump and the trade war he started.