China defends trade record, promises more opening

AP  |  Beijing 

has defended its trade record in a new effort to defuse US and European pressure over market access and technology.

A Cabinet report today repeated promises to cut some tariffs and ease investment controls. It didn't address complaints hampers access to promising industries and that plans to develop Chinese champions in electric cars and other industries violate its free trade commitments.

US has threatened tariff hikes on up to USD 450 billion of Chinese imports in a dispute over those plans.

has tried to recruit as an ally but also faces complaints by and other governments about investment controls.

The report said, "has lived up to its responsibility as a major country.

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First Published: Thu, June 28 2018. 14:56 IST