SUNDAY, March 03, 2024
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Xi says China to 'step up' market opening, raise imports

Xi says China to 'step up' market opening, raise imports

President Xi Jinping said on Monday that China would accelerate efforts to remove barriers to foreign businesses and to increase imports, amid growing pressure to follow through on earlier pledges to open the country's huge markets.

Xi said China would seek to "step up" moves to stimulate domestic consumption of imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements, among other measures.

"We will foster a world-class business environment," Xi said in an address opening an import fair in Shanghai.

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