Xi vows to further open China economy amid US trade spat
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President Xi Jinping vowed on Tuesday to take new steps to open China's economy amid a broiling trade confrontation with the United States.
Pledging a "new phase of opening up", Xi told an economic forum on the southern island of Hainan that Beijing was not seeking a trade surplus.
He said China will take measures to liberalise automobile investment, reduce tariffs on cars this year and protect intellectual property -- all areas that have been high on the list of demands by the US.
