As trade war bites, China's Xi Jinping preaches openness
Updated : May 15, 2019 11:17 AM IST
Beijing and Washington are locked in an escalating trade war, with both countries levying tariffs on each other's imports.
Just before Xi spoke the government reported surprisingly weaker growth in retail sales and industrial output for April.
China on Monday announced higher tariffs on $60 billion of US goods, effective June 1, in retaliation for Washington's decision on Friday to raise its own levies on $200 billion in Chinese imports.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more