China’s Xi calls for more imports and more ‘open economy’

Peace and Freedom

AFP

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© AFP | China’s President Xi Jinping called on for measures to liberalise trade and simplify import procedures while reducing tariffs on certain consumer products

BEIJING (AFP) – Chinese President Xi Jinping has called for an increase in imports and fewer restrictions for foreign investors as Beijing comes under pressure from the US and Europe to provide a more level playing field for companies in the country.Donald Trump has railed against China’s massive trade surplus while the European Union and US companies have complained about a lack of access to the huge market.

Speaking to a Communist Party committee on financial and economic affairs, Xi called for “expanding imports while stabilising exports”, state-run media reported on Tuesday.

China’s leaders trying to transform the economy from a reliance on exports and state investment to one driven by domestic demand, though that has led to a slowdown in growth to 26-year…

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About Brittius

Direct Descendant of, Roman General, and Consul of Rome, BRITTIUS, of the Imperial Roman Army.
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