Skip to main content

News | Business | China Economy: Chinese President Xi opens up to more trade deals and imports

 



Xi Jinpingimage copyrightGetty Images

image captionXi Jinping

Chinese President Xi Jinping said China will import more than $22tn (£17tn) worth of goods over the next decade.

He has also called for a more constructive approach to an open global economy, and hit out at "protectionism".

Mr Xi said China would accelerate efforts to reopen its economy after largely bringing Covid-19 under control.

China is the only major economy to grow this year.

“The Chinese economy is steadily picking up, as evidenced by the growth in the first three quarters,” he said.

Mr Xi made the comments on Wednesday in a video appearance at the China International Import Expo in Shanghai.

“China is the world’s largest market with the greatest potential,” he added.

The Chinese President also called for a more co-operative approach to international trade.

“The overwhelming trend for countries to move towards openness and co-operation remains unchanged."

Free trade

"All countries need to come together to jointly tackle risks and challenges, strengthen cooperation and communication and embrace greater openness,” Mr Xi said, pledging to pursue more free trade agreements.

Foreign businesses and governments have long criticised what they regard as weak intellectual property protections and an uneven playing field for foreign companies in China.

The comments came as a Presidential election in the US - China’s largest trade partner - remained too close to call.

China has had a contentious relationship with the US President Donald Trump over the past four years, with both sides ratcheting up tariffs on imported goods.

It’s unclear if Democrat candidate Joe Biden would make major changes to trade policy, but both US parties have been critical of Beijing’s trade policies.

Comments

Popular posts from this blog

Analysis | The Cybersecurity 202: How the shutdown could make it harder for the government to retain cybersecurity talent

By Joseph Marks 13-17 minutes THE KEY President Trump delivers an address about border security amid a partial government shutdown on Jan. 8. (Carolyn Kaster/AP) The partial government shutdown that's now in its 18th day is putting key cyber policy priorities on hold and leaving vital operations to a bare bones staff. But the far greater long-term danger may be the blow to government cyber defenders' morale, former officials warn. With the prospect of better pay and greater job security in the private sector, more government cyber operators are likely to decamp to industry, those former officials tell me, and the smartest cybersecurity graduates will look to industry rather than government to hone their skills. That’s especially dangerous, they say, considering the government’s struggle to recruit and retain skilled workers amid a nationwide shortage of cybersecurity talent. About 20 percent of staffers are furloughed at the De

Democrats call for investigation into Trump’s iPhone use after a report that China is listening:Analysis | The Daily 202 I The Washington Post.

washingtonpost.com By James Hohmann _________________________________________________________________________________ President Trump and Chinese President Xi Jinping visit the Great Hall of the People in Beijing last November. (Andrew Harnik/AP) With Breanne Deppisch and Joanie Greve THE BIG IDEA: If Democrats win the House in two weeks, it’s a safe bet that one of the oversight hearings they schedule for early next year would focus on President Trump’s use of unsecured cellphones. The matter would not likely be pursued with anywhere near the gusto that congressional Republicans investigated Hillary Clinton’s use of a private email server during her time as secretary of state. Leaders of the minority party have higher priorities . But Democratic lawmakers made clear Thursday morning that they will not ignore a New York Times report that Trump has refused to stop using iPhones in the White House, despite repeated warnings from U.S. intelligence offici

RTTNews: Morning Market Briefing.-Weekly Jobless Claims Edge Down To 444,000. May 13th 2010

Morning Market Briefing Thu May 13 09:01 2010   Commentary May 13, 2010 Stocks Poised For Lackluster Open Amid Mixed Market Sentiment - U.S. Commentary Stocks are on pace for a mixed start to Thursday's session, as a mostly upbeat jobs report continued to relieve the markets while some consternation regarding the European debt crisis remained on traders' minds. The major index futures are little changed, with the Dow futures down by 4 points. Full Article Economic News May 13, 2010 Weekly Jobless Claims Edge Down To 444,000 First-time claims for unemployment benefits showed another modest decrease in the week ended May 8th, according to a report released by the Labor Department on Thursday, although the number of claims exceeded estimates due to an upward revision to the previous week's data. Full Article May 13, 2010 Malaysia's Decade High Growth Triggers Policy Tightening Malaysia's economy grew at the fastest pace in a decade in