Business Standard

China defends trade record, promises more opening

Image

AP Beijing
China's government has defended its trade record in a new effort to defuse US and European pressure over market access and technology.
A Cabinet report today repeated promises to cut some tariffs and ease investment controls. It didn't address complaints Beijing hampers access to promising industries and that plans to develop Chinese champions in electric cars and other industries violate its free trade commitments.
US President Donald Trump has threatened tariff hikes on up to USD 450 billion of Chinese imports in a dispute over those plans.
China has tried to recruit Europe as an ally but also faces complaints by Germany and other governments about investment controls.
The report said, "China has lived up to its responsibility as a major country.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 28 2018 | 2:56 PM IST

Explore News