China: Xi champions open markets at trade expo

Chinese President Xi Jinping voiced his support for open markets and free trade in a speech at the opening of the China International Import Expo in Shanghai on Monday. Xi stated his belief that «all countries should insist on opening up, expanding the areas for mutual benefits» and added that «countries need to reduce trade barriers.» He also went on to add that China would do more to protect... Еще overseas companies who operate in the country, saying that his government would «firmly punish the behaviours that infringe their legal interests, especially their intellectual property.» Xi also noted that countries should seek to improve their business environments and solve their own domestic issues, adding “they shouldn't just point fingers at the others but ignore their own faults. They shouldn't be the torchlight doing nothing but exposing the weaknesses of others but not seeing their own.” Although Xi failed to mention US President Donald Trump by name, his comments were widely interpreted as an attack on Trump's protectionist trade policies, which have resulted in an ongoing tariff dispute between the two countries.

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