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Tags: APFN | AS | China | Trade

Xi Promises Gradual Opening of Chinese Markets to Investment

Xi Promises Gradual Opening of Chinese Markets to Investment

Monday, 04 November 2019 10:38 PM

BEIJING (AP) — President Xi Jinping has promised more steps to gradually open Chinese markets to foreign investment but offered no new initiatives to ease trade tension with Washington and Europe.

Xi spoke Tuesday at the opening of the second China International Import Expo. The fair is meant to mollify Beijing's trading partners by showcasing its vast and growing import market.

In a speech, Xi promised to "expand market opening" and move ahead with promises to reduce restrictions on foreign investment.

Beijing has cut tariffs and eased other import restrictions but none of the steps directly addresses the complaints by the U.S., Europe and others about restrictions on foreign companies.

Business groups have welcomed greater access to Chinese consumers but are frustrated at Beijing's gradual pace and restrictions still in place on services and other industries.

© Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


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President Xi Jinping has promised more steps to gradually open Chinese markets to foreign investment but offered no new initiatives to ease trade tension with Washington and Europe.Xi spoke Tuesday at the opening of the second China International Import Expo. The fair is...
APFN,AS,China,Trade
135
2019-38-04
Monday, 04 November 2019 10:38 PM
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