President XI speaking in Shanghai today at a trade event
- Says he pledges China will open its markets to the world
- Calls for building global economy
- Calls for lower trade barriers and more open markets
- Says to defend against protectionism
- Calls for enhanced macro economic policy cooperation between countries
- Global recovery has not yet stabilised
- Will further cut import taxes
- will simplify customs clearance for imports
- to actively stimulate potential for more imports
- will continue to lower import tariffs
Headline comments via Bloomberg
To the extent these efforts do see an increase in imports into China it'll be of benefit to countries like Australia, which sells a lot of rocks and … well, a lot of rocks (like iron ore), to China
