Analysts say it is not possible for China eliminate all tariffs because it was still necessary to protect infant industries such as agriculture. Photo: Xinhua
China’s tariff-free economy proposal ‘not feasible’, analysts say
- Huang Qifan, the former mayor of Chongqing, is among a number of experts calling for China to transition to a tariff-free economy
- But most analysts say across-the-board tariff elimination is not feasible given China’s need to protect its infant industries
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China economy
Analysts say it is not possible for China eliminate all tariffs because it was still necessary to protect infant industries such as agriculture. Photo: Xinhua
Xi Jinping used his keynote address at the China International Import Expo to underline China’s commitment to opening up its economy. Photo: AFP
China will open market further in push to bring down global trade barriers, Xi Jinping tells import expo
- China’s president has urged global leaders to bring down trade barriers and resist protectionism in a speech at the China International Import Expo
- Xi’s comments come a day after the closing of the Canton Export Fair, at which export orders fell for the third year in a row amid the US trade war
Topic |
China economy
Xi Jinping used his keynote address at the China International Import Expo to underline China’s commitment to opening up its economy. Photo: AFP