The news is by your side.

open economy

Chinese president calls for more imports and more ‘open economy’

BEIJING: Chinese President Xi Jinping has called for an increase in imports and fewer restrictions for foreign investors as Beijing comes under pressure from the US and Europe to provide a more level playing field for companies in the country. Donald Trump has railed against China's massive trade surplus while the European Union and US companies have complained about a lack of access to the huge market. Speaking to a Communist Party committee on financial and economic affairs, Xi called for "expanding imports while…