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China’s President Xi Jinping on Monday promised to lower import tariffs and boost import to $30 trillion worth of goods and $10 trillion worth of services in the next 15 years.

Key quotes (Source: Reuters)

Import expo shows China’s desire to support global free trade

Countries must pursue open policy and oppose protectionism

Will not stop efforts to pursue a higher quality of opening up

Will stimulate the potential for increased imports

Will further lower import tariffs

Will continue to broaden market access

Will accelerate opening in education, telecom, cultural sectors

Will enhance punitive enforcement for IP infractions

WTO rules should be upheld, reforms supported

The Chinese economy is stable, making good progress

Sound fundamentals in the Chinese economy are unchanged