China to cut tariffs, boost imports of high-quality goods and services, says Xi Jinping

China will continue to cut its tariffs and expand imports of high-quality goods and services, Chinese President Xi Jinping said on Thursday, while vowing to push reforms and promote an innovation-driven growth model. “We will further reduce tariffs and institutional costs…, and expand imports of high-quality products and services from all countries,” Xi said in a keynote speech delivered via video at the APEC CEO Dialogues, ahead of a leaders’ virtual summit on the future of international cooperation on Friday.…

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