China's Xi Promises to Lower Tariffs This Year

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Professor Fate
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China's Xi Promises to Lower Tariffs This Year

Postby Professor Fate » Mon Apr 09, 2018 7:51 pm

...and open the economy more.

BOAO, China (Reuters) - Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech that comes amid rising trade tensions between China and the United States.

...“This year, we will considerably reduce auto import tariffs, and at the same time reduce import tariffs on some other products,” Xi said at the Chinese Boao Forum for Asia in Hainan province.

The comments sent U.S. stock futures, the dollar and Asian shares higher.

Xi said that China will take measures to sharply widen market access for foreign investors.

China will also speed up opening of its insurance sector to foreign investors, Xi said.

https://www.reuters.com/article/us-usa- ... SKBN1HH084


Well, obviously we have giant butterflies in CA. They's climbin' in your windows, They's snatchin' your people up, tryin' to steal 'em. So y'all need to hide your kids, hide your stars, and hide your coaches cause they're grabin' everybody out here.

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Vilepagan
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Joined: Wed Jan 13, 2010 8:07 am

Re: China's Xi Promises to Lower Tariffs This Year

Postby Vilepagan » Tue Apr 10, 2018 3:10 am

Professor Fate wrote:Source of the post The comments sent U.S. stock futures, the dollar and Asian shares higher.


Nice to have a leader that's looking out for our interests. Too bad we don't have one in this country.
There is no fire like passion, there is no shark like hatred, there is no snare like folly, there is no torrent like greed. - The Dhammapada

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