China reiterates its pledge to lower trade barriers, widen market access: Xinhua

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China reiterates its pledge to lower trade barriers, widen market access: Xinhua
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China on Thursday reiterated its pledge to further widen market access for forei...

FILE PHOTO: Containers are seen at a port in Lianyungang, Jiangsu province, China June 10, 2019. REUTERS/Stringer

In a lengthy document that laid out areas for improvement, the State Council, the country’s cabinet, said trade with neighboring countries would increase, cooperation with countries signed up to its Belt and Road infrastructure initiative would deepen and Chinese firms would further expand into markets in Asia, Africa and Latin America, according to the official Xinhua News Agency.

The role of foreign capital as a driver for the country’s industrial upgrade and high quality development of trade will be maximized, said the State Council, adding that Beijing would increase policy support to boost trade.

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