President Xi said the event was a major initiative to open up its market to the world © Xinhua News Agency/PA Images
President Xi said the event was a major initiative to open up its market to the world © Xinhua News Agency/PA Images

Xi promises to cut tariffs and open markets

7 November 2018

China’s president Xi Jinping has vowed to lower trade tariffs, open new markets and import more goods from abroad. He was speak at a Shanghai trade fair designed to show the country is open for business.

Xi said he would further open the country’s education, telecoms and cultural sectors to foreign buyers, and criticised “winner takes all” trade policy.

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