Uhuru pushes for more trade with China during Shanghai trip


President Xi Jinping opened the China International Import Expo earlier Monday with a vague pledge to widen access to his country's economy, as Beijing faces growing impatience from trading partners.

Mr Xi's speech on Monday kicked off China's week-long worldwide import expo, which had more than 3,600 companies and 170 countries and regions participating, according to the event website.

"As globalization deepens, the practices of law of jungle and victor take all are a dead end", Xi told the gathering in Shanghai, which featured more than 3,600 companies from 172 countries, regions and organizations.

Those are among the reasons for the United States imposing tariffs on Chinese goods, and the absence of Western leaders among the 18 presidents and prime ministers at the expo's opening.

By the same token, this also means that exporters face new challenges "in terms of knowledge of the market, the products they offer, distribution, and competition".

Xi said China was expected to import US$30 trillion worth of goods and US$10 trillion worth of services in the next 15 years. Considered the largest mercantile showcase in the world, the first edition of the CIIE will feature three main events: the Management and Business Exhibition, the Trade and Investment Pavilion by Nations and the Economic and Commercial Forum of Hongqiao; as well as more than 100 support activities, the organizers explain in their digital site.

International Import Expo opened in the Chinese city of Shanghai on Monday morning.

President Xi made his remarks at the launch of the inaugural China International Import Expo.

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Mr Xi said China would seek to "step up" moves to stimulate domestic consumption of imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements, among other measures.

The United States and China will hold the top-level diplomatic and security dialogue in Washington on Friday, the U.S. State Department said.

In a speech at Davos almost two years ago, Xi presented China as a beacon of globalisation in a counterpoint to Trump.

President Xi, while highlighting the role of China in developing more free trade ports, said his government would push for increasing bilateral-multilateral cooperation.

"The Chinese side is ready to have discussions with the USA on issues of mutual concern and work for a solution on trade acceptable to both sides", he said.

In the next five years, China is expecting to import products and services valuing more than $10 trillion, which Indian exporters view as a historic opportunity. He also said China would further develop Hainan as a free-trade port, prompting shares of companies based in the southern province to jump.

Inter's Chinese fans will also be in for a treat with club legend and current vice-president Javier Zanetti to attend on November 8 and 9. "Global trade and investment are driven by the need of countries for mutual exchange and complementarity", he added.