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.
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.
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. MDT/AP
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