China's Xi appeals to foreign leaders for freer trade  | Inquirer Business

China’s Xi appeals to foreign leaders for freer trade 

/ 04:22 PM May 15, 2017

Chinese President Xi Jinping, foreground center, walks with Russian President Vladimir Putin, foreground right, and other leaders as they arrive for a family photo session during the Belt and Road Forum at the meeting's venue by Yanqi Lake just outside Beijing, China, May 15, 2017. (Damir Sagolj/Pool Photo via AP)

Chinese President Xi Jinping, foreground center, walks with Russian President Vladimir Putin, foreground right, and other leaders as they arrive for a family photo session during the Belt and Road Forum at the meeting’s venue by Yanqi Lake just outside Beijing, China, May 15, 2017. AP 

BEIJING — China’s President Xi Jinping on Monday appealed to foreign leaders at a forum on a Chinese trade initiative to resist pressure to close markets.

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Xi called for governments to pursue “greater openness and cooperation” and “reject protectionism.” He was speaking to leaders and other officials from Asia, Europe and Africa at the event to promote Beijing’s “Belt and Road Initiative.”

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China is promoting itself as a champion of free trade in response to pressure in the United States and Europe for restrictions on imports. That is despite complaints by its trading partners that China is the most-closed major economy.

The Chinese initiative calls for building ports, railways and other facilities to expand trade across Asia, Africa and Europe.

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TAGS: Belt and Road Initiative, Business, China, Free trade, Xi Jinping

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