China to cut tariffs, rely on innovation-driven growth model - GulfToday

China to cut tariffs, rely on innovation-driven growth model

  • 19 Nov 2020
Xi-Jinping

China's President Xi Jinping speaks during a CEO Dialogue forum via video link. Reuters

Gulf Today Report

Chinese President Xi Jinping said on Thursday that China will pursue higher quality growth through its "dual circulation" development model, driven by technological innovation.

Xi Jinping said, China will continue to cut its tariffs and expand imports of high-quality goods and services, while vowing to push reforms and promote an innovation-driven growth model.

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"We will further reduce tariffs and institutional costs..., and expand imports of high-quality products and services from all countries," Xi said in a keynote speech delivered via video at the APEC CEO Dialogues, ahead of a leaders' virtual summit on the future of international cooperation on Friday.

Xi also called for stronger policy coordination among international communities, saying globalisation is “irreversible” and that China will not engage in “de-coupling.”

Xi made the comments in a keynote speech delivered via video at the APEC CEO Dialogues, ahead of a leaders’ virtual summit on the future of international cooperation on Friday.

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