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