China will continue to significantly expand market access, strengthen IPR protection, and do more to increase imports. Since the beginning of this year, China has announced a host of new measures for further opening-up, which include the following: creating a more attractive investment and business environment, significantly lowering the tariffs for 1,449 consumer goods and 1,585 industrial goods, further cutting the tariffs for automobiles and auto parts to 13.8 percent and 6 percent respectively, and eliminating tariffs on all imported anti-cancer drugs. With a new round of tariff cuts coming into effect on 1 November, China's overall tariff rates have been reduced to 7.5 percent, lower than the majority of developing countries and beyond the commitment China made upon its accession to the WTO. China has released a new negative list on foreign investment, and will further open up finance, automobiles, aircraft, ships and other sectors. According to a recent World Bank report, China has moved up over 30 places in the ease of doing business ranking over the past year and is among the economies with the most significant improvement. China views all companies, both Chinese and foreign, as equals. China welcomes and encourages fair competition among them, and will fully protect their legitimate rights and interests.
A week ago, the first China International Import Expo (CIIE) was successfully held in Shanghai. It was attended by 172 countries, regions and international organizations, over 3,600 companies, and more than 400,000 Chinese and foreign buyers. Deals worth US$57.8 billion were sealed. The Hongqiao International Economic and Trade Forum, held as part of the Expo, attracted over 4,500 leading personalities from various sectors around the world. With such actual steps, China has demonstrated its commitment to trade liberalization and opening-up of its market. I wish to welcome you all to the second CIIE to be held next year. I am confident that the large market of China, with a population of close to 1.4 billion, will be a source of dynamic growth for the global economy.
【国内英语资讯:Full text of Chinese President Xis speech at APEC CEO summit】相关文章:
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