Tradelines News

Get the latest news and updates on cross-border customs and international trade.

Xi Jinping Promises to Make China More Open to Foreign Investors, Goods

Posted April 10, 2018

Under Economic Issues, International Trade Issues

(Michael Smith – Australian Financial Review)

China’s president Xi Jinping has sought to defuse trade tensions with the United States by promising to lower import tariffs on vehicles, strengthen intellectual property protection and relax foreign ownership restrictions.

Unveiling a four-point plan he said would usher in the next phase of China’s “opening-up”, Mr Xi promised China would make good on previous commitments to modernise its economic system, broaden market access and increase imports.

However, many of the policy measures aimed at relaxing China’s tough foreign investment rules and encouraging more imports were flagged last year and did not contain a lot of new detail. Click here to read more.