China to Import $8Billion Worth of US Goods in Next 5 Years

BEIJING – China will import US$8 billion of goods and attract $600 billion of foreign investment in the next five years, Foreign Minister Wang Yi said on Friday.

China’s overseas investment will reach $750 billion in the next five years, the Foreign Ministry said in a statement on its website, citing Wang at a conference in Vietnam.

Wang said China would widen market access and open up its financial sector.

The practices of unilateralism and protectionism would be a form of regression, and not only would they lead to a dead end, they would damage one’s own interests, he said.

The Chinese foreign minister is in Hanoi to attend the Greater Mekong Subregion summit.

Source: Reuters