EU business lobby dismisses China's latest opening pledge

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President Xi Jinping promised Monday to open China wider to imports at the start of a high-profile trade fair meant to rebrand the country as a global customer, but he offered no response to US and European complaints about technology policy and curbs on foreign business. In the latest "Doing Business Index 2019" released by the World Bank, China's position has been sharply raised 32 places, and now ranks 46th among the world's more than 190 economies. Xi promised to "stimulate the potential to increase imports", including by cutting costs for importers and improving consumer spending power.

"Now that it is the world's second-largest economy, China can afford to open its doors all the way", Mr Jarrett told the AFP news agency.

Xi made the remarks when delivering a keynote speech at the opening ceremony of the first China International Import Expo in Shanghai.

Thousands of foreign companies are participating in the expo.

China has a massive trade deficit with nearly every country in the world, with the value of its exports far exceeding the value of its imports.

The Star Kenya reports that during the bilateral talks, Uhuru expressed concern about the trade imbalance and demanded access to the Chinese market for Kenya's produce.

The resumption of high-level dialogue, marked by a phone call last week between Presidents Donald Trump and Xi Jinping, comes ahead of an expected meeting between the two at the G20 summit in Argentina starting in late November. "Micron regards the development of Jinhua as a threat and has tried various means to stall or even sabotage it", the company said, urging its rival to "immediately stop wrongdoings and facilitate the resumption of normal trade and cooperation activities between the two parties". "All countries should be committed to opening-up and oppose protectionism and unilateralism in a clear-cut stand", he added.

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The fundamentals for sound and stable economic growth remain unchanged, the necessary production factors for high-quality development remain unchanged, and the overall momentum of long-term economic stability and progress also remains unchanged, Xi said.

China expects to import 30 trillion dollars worth of goods and 10 trillion dollars worth of services in the next 15 years, Xi said.

In speeches made over the last two months, Ma has said that the U.S. will "suffer more" from the dispute, stating that the USA economy had benefited from its trade relationship with China.

He added that China will further lower tariffs and make it easier for imported goods to clear customs, without elaborating.

"The last four decades of reform and opening up have been an epic journey for the Chinese people [.] China has grown by embracing the world and the world has benefited from China's opening up", Xi said.

The event has drawn several foreign heads of government including Russian Prime Minister Dmitry Medvedev and Pakistani premier Imran Khan, though most are from small African or Asian countries dependent on China trade.

Xi acknowledged some Chinese industries face "growing risks" but said efforts to shore up growth are already paying off.

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