EU says China could open its economy if it wishes
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China could open its economy if it wishes, European Commission President Jean-Claude Juncker said on Monday in Beijing, as Beijing comes under growing pressure over its industrial policies amid an escalating trade war with Washington. Playing host to JunckerEU says China could open its economy if it wishes
China could open its economy if it wishes, European Commission President Jean-Claude Juncker said on Monday in Beijing, as Beijing comes under growing pressure over its industrial policies amid an escalating trade war with Washington. Playing host to Juncker and European Council President Donald Tusk, Chinese Premier Li Keqiang stressed the need to uphold free trade and multilateralism as the United States and China become increasingly mired in a trade dispute, with no sign of negotiations on the horizon. US President Donald Trump has warned he may ultimately impose tariffs on more than $500 billion worth of Chinese goods - nearly the total amount of US imports from China last year – to combat what the US says are Beijing's trade abuses. China has sworn to retaliate at each step. Long accused of protectionist tactics that make it a difficult place for foreign firms to operate, China is trying to reverse that narrative amid the escalating trade war by approving huge investments, such as a $10 billion petrochemicals project by Germany's BASF. Juncker, speaking at a joint news briefing with Li and Tusk at Beijing's Great Hall of the People, said that move showed "if China wishes to... Read more