Xi Says China will focus on imports, further lower tariffs

(Nov 5): President Xi Jinping said China would focus more on imports and further lower tariffs in his first opportunity to address global investors since the world’s two largest economies resumed trade talks in September.

“China will give greater importance to imports. We will continue to lower tariffs and institutional transaction costs,” he said in a keynote speech at the start of a trade expo Tuesday morning in Shanghai. He said China was willing to sign high-standard free trade agreements with more countries.