China to reduce tariffs, remove non-tariff barriers for foreign investors


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China to reduce tariffs, remove non-tariff barriers for foreign investors

On Saturday, the 19th of October 2019, Chinese Vice Premier, Han Zheng, had pledged to adopt a financial policy which would involve lesser tariffs and a removal of non-tariff barriers for global investors, as the second-largest economy appears to be opening its market to foreign investors in a bid to resolve trade dispute with the United States, the Chinese pro-CCP controlled state-backed official news agency Xinhua said on Saturday (October 19th).

Aside from that, according to Saturday’s (October 19th) Xinhua report, Han had welcomed multinational firms to invest in China, adding that country would soon make it easier for foreign firms to establish businesses in China.

As a matter of fact, Han’s comment at a summit of multinational companies in the eastern Chinese city of Qingdao, came over the heels of Chinese Vice Premier Lie He’s upbeat comments over a Sino-US trade deal in near-term outlook at a separate event on Saturday (October 19th), while the Chinese Vice Premiere had been quoted saying that the Washington and Beijing had been addressing a number of key concerns of each other’s to stop a ‘lose-lose’ trade spat which had been rattling the money markets all over the world for more than fifteen months.