Xi Jinping pledges to cut Chinese import tariffs


5 November, 2018 09:52 AM

Xi Jinping pledges to cut Chinese import tariffs

Chinese President Xi Jinping. Photo: Getty Images

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Chinese President Xi Jinping has promised to take steps to cut import tariffs and further open up access to the economy for foreign companies.

Speaking at the opening of a trade expo in Shanghai, he also defended the global free trade system, which he said was "under attack".

The comments are seen as a reference to the US, with which China is fighting a trade war.

The US has hit about half of Chinese imports into the US with tariffs.

China has retaliated in kind.

"We will take further steps to lower tariffs, facilitate customs clearance, reduce institutional costs in import," Mr Xi said during a speech at the expo.

"We will continue to broaden market access," he added.