(UTV|COLOMBO) – Chinese President Xi Jinping has warned against a “Cold War mentality” as he vowed to open up parts of the country’s economy, the BBC reported.
His speech at the Boao Forum for Asia – often referred to as Asia’s Davos – appears to be an attempt to calm a trade row with the US.
He pledged to cut import tariffs on cars and relax requirements for foreign firms investing in China.
But there were few specifics on when the changes would happen.
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