China pledges to expand market access at annual trade fair amid foreign criticism

Li Qiang told the opening ceremony of the annual China International Import Expo that the country was committed to opening up its economy, and that imports of goods and services were set to reach a cumulative $17 trillion within the next five years.

The import expo was launched by President Xi Jinping in 2018 to promote China's free trade credentials and counter criticism of its trade surplus with many countries. However, participation in the past three years was curtailed by the Covid-19 pandemic. Li in his speech cited examples of businesses that had benefited from the show - including an Afghan carpet maker and Japanese pharmaceutical firm, though without identifying them - and said out of the roughly 3,400 companies participating this year, over 200 had been repeat attendees for the past six years.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China fund houses rush to buy own products, call market bottomSHANGHAI : China's mutual fund companies are rushing to buy their own stock products - a signal that could stabilise sliding markets amid strong outflows and a sluggish turn in the economy.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China industry minister: industrial economy stabilises, NEV shines in Jan-Sept periodSHANGHAI : China's industry minister said the country's industrial economy stablised and recovered in the first three quarters of 2023 and the new energy sector, such as electric cars, shined.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »