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Xi Promises Car Tariff Reductions, Faster Financial Opening

President Xi Jinping delivers a speech on Tuesday at the opening ceremony of the Boao Forum for Asia Annual Conference 2018 in Boao, South China’s Hainan province. Photo: IC
President Xi Jinping delivers a speech on Tuesday at the opening ceremony of the Boao Forum for Asia Annual Conference 2018 in Boao, South China’s Hainan province. Photo: IC

*Chinese President Xi Jinping reiterated promises to open up the country’s economy to foreign investors, saying change would come ‘as soon as possible’

*Analysts said his speech showed China is willing to address U.S. concerns over trade

(Beijing) — President Xi Jinping on Tuesday promised lower tariffs on car imports, harsher punishment for intellectual property rights violators and a faster financial opening-up, in a speech seen by analysts as an olive branch to U.S. President Donald Trump to ease bilateral trade tensions.

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