SHANGHAI: Global trade barriers must be removed, and countries should uphold basic multilateral trade principles while standing firm against protectionism and unilateralism, Chinese President Xi Jinping said in a speech on Tuesday. Speaking at the opening of the Nov. 5-10 China International Import Expo, or CIIE, an annual import show in Shanghai, Xi said more efforts were needed to boost international cooperation and remove barriers to innovation. “There is no single country that can resolve by itself the difficulties facing the development of the world’s economy,” Xi said. China launched the import expo last year as the China-U.S. trade war was heating up. The process has been clouded by wrangling over U.S. demands for a timetable of Chinese purchases of U.S. farm products.

Source: New Strait Times November 05, 2019 02:37 UTC