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Xi pledges to widen market access

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Shanghai: President Xi Jinping pledged to further open China’s economy, declaring the world must “knock down walls” as he opened an annual trade fair in Shanghai.

Xi addressed an audience including French President Emmanuel Macron at the import exhibition, staged annually by China to show its willingness to free up its vast domestic markets in the face of criticism that they are too cosseted by Beijing.

With China and the US working to lock in a partial trade deal announced last month, Xi steered clear of their tariff war. Speaking after Xi, Macron complained that the US-China trade war “only creates losers” and was weighing on global growth. Without directly naming US President Donald Trump, Macron decried “unilateral action, the use of tariffs as a weapon, survival of the fittest”.

 

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