China will buy more US goods, top official says ahead of latest trade war talks
- Beijing committed to achieving a more even balance of trade, Vice-Premier Han Zheng tells forum
- China will also continue to improve access to its markets, allow more foreign ownership, Politburo Standing Committee member says
China will work to boost imports and achieve a more even balance of trade with the United States, a top Chinese official said on Sunday, just days ahead of the latest round of talks aimed at bringing an end to the two countries’ punishing tariff war.
Speaking at the China Development Forum in Beijing, Vice-Premier and Politburo Standing Committee member Han Zheng told a gathering of foreign business representatives and former government officials from the US and other countries that his government was committed to levelling the playing field.
“We do not aim to … [increase the] trade surplus and sincerely want to increase imports to achieve trade balance,” he said.
Han said also that China would improve market access, including shortening the “negative list” of industries in which foreign investment is limited or prohibited, and ban the practice of forcing foreign firms to transfer proprietary technology to joint venture partners.
“As the next step, we will continue to shorten the negative list for foreign investors and allow sole proprietorship of foreign businesses in more sectors,” he said.