Market diversification helps counter tariffs

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The Star 2d ago

Market diversification helps counter tariffs - The Star

Quick Summary:

CHINA's policymakers vowed during the two sessions to bolster policies for stabilizing foreign trade and support enterprises in securing orders and exploring new markets as escalating tensions with the United States due to Washington's tariff hikes dampen normal trade activity, analysts and executives said.

"Regardless of changes in the external environment, we should remain steadfast in our commitment to opening-up," said Premier Li Qiang on Wednesday while delivering the Government Work Report, detailing the world's second-largest economy's trade policies for the rest of the year.

Also, its vast domestic consumer base provides a steadily growing market for quality imports, they said during the ongoing annual meetings of China's top legislative and political advisory bodies.