US President Donald Trump welcomed Xi Jinping’s promises to continue opening up China’s economy despite the lack of substantial concessions by his Chinese counterpart in a widely anticipated speech.
Mr Xi on Tuesday repeated promises that his government would “broaden market access” for foreign financial services companies, reduce limits on foreign investment in the automotive, shipbuilding and aviation sectors and lower import tariffs on cars.
Most of the measures mentioned in his speech to the Bo’ao Forum for Asia had been announced earlier and the Chinese president offered no new details about when or how they would be implemented.
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