BEIJING, China (AFP) — 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 […]

SHANGHAI, China (AFP) — President Xi Jinping on Monday will open a Shanghai import fair intended as a signal by China that its markets are open despite mounting criticism to the contrary and the worsening trade war with Washington. Organisers say more than 3,000 foreign companies from 130 countries including the United States, Europe and across Asia, will put their products on display for potential Chinese buyers at the China International Import Expo. Companies in […]