Vietnam Time

11/5/2018 3:23:31 PM

President Xi pledges to open China's markets wider

President Xi Jinping pledged to widen access to China's economy, as he kicked off the first China International Import Expo (CIIE 2018) in Shanghai on November 5.

Xi pushed back at foreign pressure in comments clearly aimed at U.S. President Donald Trump. AFP/ALY SONG.

Xi said China would "step up" efforts to stimulate imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements.

"It is our sincere commitment to open the Chinese market," Xi said in an address launching the event in Shanghai.

China would "foster a world-class business environment" and its doors will open "ever wider", he said.

But Xi also pushed back at foreign pressure in comments clearly aimed at Donald Trump and the trade war he started.

Nations "should not just point fingers at others to gloss over their own problems", Xi said, decrying "protectionism", "isolationism" and "the law of the jungle".

"They should not hold a flashlight in hand, doing nothing but highlighting the weaknesses of others and not their own."

Organisers say more than 3,000 foreign companies from 130 countries including the United States and Europe are present, including General Motors, Ford, Microsoft, Samsung, Walmart and Tesla./.

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