Caixin
Jul 10, 2018 08:11 PM
FINANCE

Importers Told to Look to Belt and Road

Cargo ships prepare to be loaded with containers at the Port of Lianyungang in Jiangsu province on June 8. Photo: IC
Cargo ships prepare to be loaded with containers at the Port of Lianyungang in Jiangsu province on June 8. Photo: IC

The Chinese government’s top decision-making body has told companies to seek imports among countries involved in the Belt and Road Initiative as trade tensions escalate with the U.S.

Late Monday, the State Council, the nation’s cabinet, issued guidelines that called for China to “improve its import structure to promote the upgrading of production and consumption” and reduce tariffs and unnecessary charges (link in Chinese) on some products.

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