US/China trade talks weighed heavily on Chinese President Xi Jinping's mind at the Belt and Road Forum for International Cooperation in Beijing on April 25-27, attended by leaders from 37 countries around the world.
And while Pres. Trump wasn't in attendance, Xi's speech seemed aimed at addressing concerns raised by him.
Xi vowed to "expand market access for foreign investment in more areas," "enhance protection of the lawful rights and interests of foreign intellectual property owners," "stop forced technology transfer" and "improve protection of trade secrets."
He also said China "will increase the import of goods and services on an even larger scale," "will not resort to the beggar-thy-neighbor practice of yuan devaluation" and "will overhaul and abolish unjustified regulations, subsidies and practices that impede fair competition and distort the market."
These are all central topics in the U.S.-China trade talka, and observers noted that Xi's previous confrontational tone has disappeared.
[FULL STORY HERE]
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