ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Economy

Xi Jinping promises to expand imports and lower tariffs

Chinese president predicts imports to top $40tn over next 15 years

SHANGHAI -- President Xi Jinping on Monday promised to further open China to foreigners by expanding imports, lowering tariffs and relaxing market access -- an apparent bid to counter criticism from U.S. President Donald Trump and others regarding Beijing's trade and business practices.

In a speech at the opening ceremony of the China International Import Expo, Xi predicted the value of the country's "imported goods would reach $30 trillion, while imported services would top $10 trillion over the next 15 years."

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Discover the all new Nikkei Asia app

  • Take your reading anywhere with offline reading functions
  • Never miss a story with breaking news alerts
  • Customize your reading experience

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more