INSUBCONTINENT EXCLUSIVE:
China will allow greater market access and share opportunities with all countries, President Xi Jinping said on Friday, following a sharp
slowdown of external trade and ongoing tensions with major economies.In an address via video to open the China International Import Expo in
all countries and parties to share opportunities for deepening international cooperation, fully and deeply participate in the reform of the
Progressive Agreement for Trans-Pacific Partnership, which includes Japan among its 11 member countries.At the same venue last year, Xi said
China was open to negotiations on industrial subsidies and state-owned enterprises in order to join the trade pact.The six-day annual expo,
first nine months of the year, exports and imports grew by 12.5% and 4.1%, respectively in U.S
dollar terms, down from 33% in the same period last year for both sectors.The drag was blamed on weak domestic demand as well as rising
Overseas visitors are mandated to undergo a 10-day hotel quarantine, while those who are already in the country are required to take daily
PCR tests.At the national congress last month, Xi signaled a policy direction that would weigh more on politics and security rather than
economic growth.Meanwhile, relations with major economies led by the U.S
remain cooled over ongoing disputes involving trade and technology cooperation.The Chinese economy grew by 3.9% in the third quarter,
This article first appeared/also appeared in https://adaderana.lk
