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China says committed to openness despite ‘protectionism’ by other countries

Cover Image for China says committed to openness despite ‘protectionism’ by other countries

Amid escalating US-China tariffs, the Asian export powerhouse sought new trade partners to cushion economic risks.

SHANGHAI: China’s premier vowed on Wednesday to further open up domestic markets and slammed “unilateral and protectionist” behaviour by other countries, as Beijing positions itself as an attractive destination for global firms spurned by US tariffs.

The Asian export giant has courted alternative trade partners throughout months of blistering tit-for-tat tariffs between China and the US.

“Looking at certain unilateral and protectionist actions in the international arena today, we see they severely disrupt the international economic and trade order,” Premier Li Qiang said at the opening of a major import expo in Shanghai on Wednesday.

Tags:china tradeeconomic cooperationglobal marketsimport expoLi Qiangmarket opennessprotectionist policiessupply chainstrade frictionsUS tariffs


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