Chinese President Xi Jinping shared his vision of having a China import of more than $22 trillion over the next decade. He has asked all to come forward and have a more productive approach to build the global economy, badly put down by the COVID 19 crisis.
Talking about major economies in the world, only the Chinese economy has shown some positive signs and has shown some growth.
Xi Jinping’s comments came on Wednesday when he made a video appearance at China International Import Expo in Shanghai. He urged for a more co-operative approach to international trade.
CO-OPERATION AND FREE TRADE IS THE NEED OF THE HOUR
For quite a long time, China is widely criticized by overseas governments and businesses, for weak Intellectual property protection and uneven business opportunities, for foreign institutions in the country.
Mr. Xi Jinping pledged to pursue more free trade agreements. He also added that “All countries need to come together to jointly tackle risks and challenges, strengthen co-operation and communication and embrace greater openness” for the revival and development.
These comments of the Chinese president have come at the time when the US, one of the most important nations of the world, is in the dilemma of choosing its next president. China had rough relationships with US President Donald Trump for the last four years, where both the countries gradually increasing the import costs to each other.
However, it’s unclear if Democrat party candidate Joe Biden will make any major changes to the policy if he comes to the power, but, till now the move of both parties has suggested that they are quite concerned about the trade policies of China.
But in the end, Mr. Xi hopes of good bilateral relations with the US, which is their largest trade partner. And he is planning on the fast revival of economic situations for his country as his policies and moves suggest.