China's President Xi Jinping speaks at the opening ceremony of the first China International Import Expo (CIIE) in Shanghai on November 5, 2018. (Photo by ALY SONG / POOL / AFP)
China's President Xi Jinping speaks at the opening ceremony of the first China International Import Expo (CIIE) in Shanghai on November 5, 2018. (Photo by ALY SONG / POOL / AFP)

Xi says China to 'step up' market opening, raise imports

business November 05, 2018 09:37

By Agence France-Presse
Shanghai

5,629 Viewed

President Xi Jinping said on Monday that China would accelerate efforts to remove barriers to foreign businesses and to increase imports, amid growing pressure to follow through on earlier pledges to open the country's huge markets.



Xi said China would seek to "step up" moves to stimulate domestic consumption of imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements, among other measures.

"We will foster a world-class business environment," Xi said in an address opening an import fair in Shanghai.

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