In a bold statement at the Forum Economic Cooperation Asia-Pacific (APEC), including the US and Russia, President Xi announced that China's commitments to open its economy are "large". Additionally, China signed free trade agreements with more countries, demonstrating their dedication to global economic cooperation. The presence of President Donald Trump at the event is still uncertain as the forum continues on Friday.
Mr. Trump has previously used the case of
China and the US have been involved in a trade war since 2018, with a number of flashpoint more import taxes and Chinese technology firms operating in America. css-1pzprxn-BulletListContainermargin-left: 1.5rem; Xi CSS-1pzprxn-BulletListContainer China opens more trade agreements and imports
Xi also used the speech on Thursday that China would deny Apec away from other economies - known as decoupling - and warn agains t protectionism.
"We will not backtrack or running against the historical trend of 'decoupling' or forming a small circle to keep others out," said Xi. Free trade
comments Mr. Xi out of the back of the largest regional firm agreement on free trade in the world during the weekend, covering almost a third of economic output of the world.
The regional Economic Partnership (RCEP), nearly a decade in the making, includes China, Japan, South Korea and 12 other countries in Asia.
"in today's world where economic globalization has become an irreversible trend, no country can develop by keeping their doors closed," added Mr. Xi.
However, China is involved in a number of trade disputes with rival economies, including Australia, which has imposed import tariffs of up to 80% barley.
last month, Mr. Xi and other Chinese leaders introduced a draft five-year plan for China and key objectives for the next 15 years.
Categories:
China,
President
Xi,
Open
Economy,
Free
Trade
Agreements,
US-China
Trade
War.,
