Chinese Premier Li Keqiang appealed to Washington on Tuesday to "act rationally" and avoid disrupting trade over steel, technology and other disputes, promising that Beijing will "open even wider" to imports and investment. "What we hope is for us to act rationally rather than being led by emotions," the premier said. Beijing plans to "further bring down overall tariffs," with "zero tariffs for drugs, especially much-needed anti-cancer drugs," the premier said. They included Liu He, a Harvard-trained Xi adviser who was named a vice premier Monday and has told foreign businesspeople he will oversee economic reform. The premier traditionally is China's top economic official but Xi has stripped Li of his most prominent duties by appointing himself to lead ruling party bodies that oversee economic reform and finance policy.

Source: ABC News March 20, 2018 03:27 UTC