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The Wall Street Journal: China market opening separate from trade dispute, says Commerce Ministry spokesman

BEIJING — A Chinese executive spokesman denied that just lately introduced policy adjustments constitute concessions to the Trump management in the international locations’ business struggle.

A Commerce Ministry spokesman said Thursday that the new measures introduced via President Xi Jinping “don't have anything to do with the business disputes with the U.S.” The spokesman, Gao Feng, informed reporters that the Chinese executive is opening the economic system “at its personal tempo, in its personal direction, which is already fastened.”

At a discussion board of political and trade leaders on Tuesday, President Xi presented to additional open China’s markets to overseas trade, building up imports, accelerate get entry to to China’s insurance and other monetary sectors, carry protections for intellectual belongings, and decrease price lists and cut back possession restrictions for overseas automobile makers.

Read: Geopolitical chance matters again. Here’s what it manner for the markets

Global monetary markets, which were rocky in fresh weeks because the U.S. and China threatened price lists on every other’s items, have been cheered via Xi’s remarks, seeing them as a sign each governments would negotiate their way out of the dispute. President Donald Trump appreciated them, too, thanking Xi on Twitter and saying, “We will make great development together.”

Opinion: What Trump will get right (and wrong) on China

— An expanded model of this file can be discovered at WSJ.com

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