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China will focus on imports

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The Chinese President has told world and business leaders at the opening of an international trade fair on Tuesday (Nov 5) that China would honour its commitment to open the Chinese market and economy to foreign companies.

This speech at the China International Import Expo (CIIE) in Shanghai, was a response to the European Union and European business leaders, who had said that China was not doing enough to ease access for foreign firms.

He said that there has been progress which included an expansion of Shanghai’s free trade zone, a lowering of import tariff levels as well as boosting integration of the Yangtze River Delta.