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China's Xi promises more market opening at trade fair
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President Xi Jinping pledged to open China’s service industries wider to foreign competitors as its first in-person trade fair since the coronavirus outbreak opened under intensive anti-disease controls.
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Xi gave no details in his speech Friday night, but Chinese leaders are emphasizing development of tourism, retailing and other services. They are part of a campaign to nurture economic growth driven by consumer spending instead of exports and investment.
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China will “relax market access for service industries” and “actively expand imports of high-quality services,” Xi said at the China International Fair for Trade in Services.
Xi appeared on a video screen before Chinese businesspeople and a handful of foreign VIPs who wore masks and sat in widely spaced chairs at a convention center adjacent to the site of the 2008 Summer Olympics. Most exhibitors from abroad are participating via the internet because Beijing has yet to relax curbs that bar most foreign visitors from the country.