Xi, from China, promises the opening of the market at the start of the import fair
Xi, from China, promises the opening of the market at the start of the import fair
President Xi Jinping promised on Monday to open China broader than imports at the start of a high-profile trade fair aimed at changing the name of the country as a global customer, but offered no response to complaints from the United States and Europe about technology policies and restrictions on foreign business.
The China International Exposition of Imports is part of Beijing's effort to develop commercial ties and resist the pressure to reverse the development plans of the industry that Washington, Europe, Japan and other business partners say they violate their market opening obligations.
"It is our sincere commitment to open the Chinese market," Xi said in a speech to a VIP audience that included Russian Prime Minister Dmitry Medvedev. He promised to "embrace the world."
Some 3,600 companies from 152 countries that sell from Egyptian dates to German factory machinery attend the five-day event in Shanghai, the country's largest business center.
The Xi government is emphasizing the promise of China's growing consumer market to help resolve complaints. Beijing abuses the global trade system by giving up promises to open its industries.
Business groups complain that while Beijing is expanding imports to serve its manufacturers and consumers, it blocks access to industries such as finance and logistics and is trying to squeeze out foreign competitors from promising fields such as information security. .
This week's event is also part of efforts to develop a commercial network centered on China and increase its influence in a global system dominated by the West.
Xi did not mention Beijing's fight with the president of the United States. Donald Trump On the Chinese plans for the state development of technological industries. But in a slap in the face of the policies and threats of import controls from Trump's "the United States first", he said that "the multilateral trading system must be defended."
China has cut tariffs and announced other measures this year to boost imports, which increased 15.9 percent in 2017 to $ 1.8 trillion. But none addresses the US complaints about its technology policy that prompted Trump to impose tariffs of up to 25 percent on the 250 billion dollars of Chinese imports. Beijing has responded with tariff increases in $ 110 billion of US products.
Chinese leaders have rejected the pressure to reverse plans such as "Made in China 2025," which calls for state-led creation of world champions in robotics and other fields. Some US officials that could erode the industrial leadership of the United States.
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