Xi Jinping and Uhuru Kenyatta agreed to deepen their cooperative partnership

Xi Jinping and Uhuru Kenyatta agreed to deepen their cooperative partnership

In his speech, President Xi said China would relax barriers to access in areas such as financial services, agriculture, mining and education and boost the consumption of imported goods as well as lower tariffs.

"Trade war is the most stupid thing in this world", Ma said at the China International Import Expo in Shanghai.

The inaugural China International Import Expo have lured more than 3,600 companies, Some of the most high-profile brands to join the expo are American brands such as Ford, General Electric, Facebook, and Google.

The U.S. has imposed tariffs on 250 billion dollars worth of Chinese goods so far and China retaliated with 110 billion dollars worth of tariffs on U.S. goods.

"Trade is to communicate. nobody can stop free trade", he told a business forum held on the sidelines of the China International Import Expo in Shanghai.

Microsoft founder Bill Gates (C) talks with World Bank President Jim Yong Kim (L) before the opening ceremony for the first China International Import Expo (CIIE) in Shanghai on November 5, 2018.

Meanwhile, he seeks to protect foreign companies' interests and enhance punitive enforcement for infractions of intellectual property rights. Prime ministers and other officials from Russian, Vietnam, Egypt and 15 other countries are on the guest list, while the US has no plans to send a high-level envoy.

In a speech at Davos almost two years ago, Xi presented China as a beacon of globalisation, in a counterpoint to Trump, but critics say he has yet to deliver on such promises. "Under the theme of 'New Era, Shared Future, ' the CIIE will help friends from around the world to seize opportunities presented by China's development in the new era and offer a platform for us to deepen global business cooperation for shared prosperity and progress", Xi said.

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Chinese President Xi Jinping pledged on Monday to boost the nation's total imports to more than US$40 trillion in the next 15 years, while warning that U.S. protectionism has "dealt a blow" to the global free trade system amid a mounting trade war with Washington.

While Xi pledged to import US$30 trillion of good over the next 15 years - up from US$24 trillion in previous estimates - his policy initiatives were largely in line with previous statements.

He said that the CIIE would strengthen global economic and trade cooperation, and promote global trade and growth by advancing the development of an open world economy.

In October, Ma told World Trade Organisation delegates that the Geneva-based body has come under threat from Trump's efforts to recast the worldwide trading system in a way that he says will be more balanced toward the US. He said China's $12 trillion-a-year economy is "a sea, not a small pond" and can withstand shocks.

Mr Trump has repeatedly criticised China's trade surplus with the USA which he wants to narrow through the imposition of tariffs.

The UN official said she would like to see China bolster its presence in the region.

Government ministers from several other countries were also coming.

"We've taken the toughest-ever action to crack down on China's abusive trade practices".

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