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CHINA PRESS: China Wants To Import More Goods - Vice Premier

CHINA PRESS
EM BulletAPACChinaEmerging Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

China does not seek a trade surplus and wants to promote balanced trade by importing more quality products and services, Ding Xuexiang, vice premier at the State Council, told delegates at the World Economic Forum in Davos. The government will make continuous efforts to improve conditions for multinational companies, such as IP protection, cross-border data flow and access to factors of production. Ding said officials would work with foreign firms to access government procurement contracts, acknowledging some invisible barriers remain despite receiving equal treatment under Chinese law. (Source: China Ministry of Foreign Affairs)

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China does not seek a trade surplus and wants to promote balanced trade by importing more quality products and services, Ding Xuexiang, vice premier at the State Council, told delegates at the World Economic Forum in Davos. The government will make continuous efforts to improve conditions for multinational companies, such as IP protection, cross-border data flow and access to factors of production. Ding said officials would work with foreign firms to access government procurement contracts, acknowledging some invisible barriers remain despite receiving equal treatment under Chinese law. (Source: China Ministry of Foreign Affairs)