Date
21 September 2018
China's commitment to economic reforms will not change, President Xi Jinping said on Sunday. Photo: Reuters
China's commitment to economic reforms will not change, President Xi Jinping said on Sunday. Photo: Reuters

Xi reiterates reform commitment despite US trade war

China will continue to pursue reforms and will aim to work with all parties to build an open world economy, President Xi Jinping said on Sunday, amid a bitter trade war with Washington.

Meeting UN Secretary-General António Guterres in Beijing ahead of a major China-Africa summit, Xi made no direct mention of the trade tensions with the US, referring instead to “unilateralism and protectionism rearing its head”, Reuters reports.

“China’s determination to fully deepen reforms will not change,” Xi told Guterres, according to the report, which cited information provided by China’s foreign ministry. 

“We are willing to use practical actions to drive all parties to jointly adhere to trade liberalization and facilitation and build an open world economy,” Xi was quoted as saying.

The comments came even as a Sino-US trade war escalated with the activation of a further round of tariffs on US$16 billion worth of each other’s goods.

The two sides have been rolling out a series of tariffs on each other’s exports as the Donald Trump administration seeks to tackle a range of issues from the large trade imbalance with China to forced technology transfers.

The US and China have now targeted US$50 billion of each other’s goods and threatened duties on most of the rest of their bilateral trade, raising concerns that the conflict could dent global growth.

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RC

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