Today the leaders of many Asian economies are gathered for the Boao Economic Forum in China. Without a doubt the most awaited event from the forum was the speech by Chinese president Xi Jinping.
In his speech the President of China seemed to take a milder stance towards the ongoing trade dispute with the United States, as he showed a willingness to open up the Chinese economy to more foreign investment and to even lower tariffs - some of which were imposed just in the last two weeks as a retaliation against the tariffs imposed on China by the United States.
Investment opportunities have actually been one of the main points in Trump’s campaign: China has a long history of restricting the opportunities for foreign companies to take an active role in the Chinese economy. Now Jinping said his government will raise the limit for foreign investment, opening up more opportunities for foreign investors.
