-- China’s premier pledged that his nation would expand access to markets and also boost imports, which have fallen this year.“We will continue to promote opening up, with greater inclusiveness and benefit-sharing,” Li Qiang said in a speech Sunday to kick off the China International Import Expo in Shanghai, adding that China “will actively expand imports.”
That’s due to strained ties with the West and the rising attractiveness of keeping cash overseas. Advanced economies have been raising interest rates while China has been cutting them to stimulate the economy. China put a new law on data into effect in 2021 that prompted worry among executives at multinationals over their ability to operate in the nation. In September, the government proposed relaxing some of the strict rules on data flows abroad, a move partly aimed at allaying the concerns and reviving faltering growth.The CIIE began in 2018 and is aimed at providing foreign exporters with an opportunity to increase their trade with China.
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