Wednesday, June 25, 2025
Home News China promises to lower tariffs

China promises to lower tariffs

Chinese President Xi Jinping promised today (Nov. 05) to lower tariffs, broaden market access and import more from overseas at the start of a trade expo designed to demonstrate goodwill amid mounting frictions with the United States and others.

The Nov. 5-10 China International Import Expo, or CIIE, brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the world’s second-biggest economy.

In a speech that largely echoed previous promises, Xi said China would accelerate opening of the education, telecommunications and cultural sectors, while protecting foreign companies’ interests and punishing violations of intellectual property rights.

He also said he expects China to import $30 trillion worth of goods and $10 trillion worth of services in the next 15 years. Last year, Xi estimated that China would import $24 trillion worth of goods over the coming 15 years.

Read more on CNBC.

 





Latest Posts

Insta Download Guide: Save Any Instagram Content in Seconds

Scrolling through Instagram has become a daily habit for millions. Whether it's stunning travel shots, funny memes, DIY tutorials, or heartwarming stories, the platform...

HHLA CEO to step down by end of 2025

Angela Titzrath, Chief Executive Officer of Hamburger Hafen und Logistik AG, will leave her position by December 31, 2025, at the latest. The decision, reached...

US-China ports show strain as trade war eases: Who’s hurt more and what comes next?

The ongoing US-China trade war may be entering a temporary pause, but its effects have already left a distinct mark on the maritime shipping...

YUAN HAI KOU makes landmark arrival at Piraeus

A new chapter in sustainable maritime transport unfolded today at the Port of Piraeus, as the cutting-edge car carrier YUAN HAI KOU made its...

Top 1 Best Assignment Writing Service, 100% USA ENL Writers

Many college and graduate students ask, where can I get someone to pay for assignment help? Well, I have done a thorough review of...
error: Content is protected !!