Chinese President Xi Jinping on Tuesday announced to bring down tariffs on the goods, in order to boost imports from next year. 

Addressing 2nd China International Import Expo in Shanghai, Xi said that China will implement Foreign Investment Law from January 2019, to realize further economic progress, Xinhua news reported.

“Major progress is being made in increasing imports, to boost consumption and bring down the tariff level,” Xi told audience which was attended by French President and Greek Prime Minister as well.

The statement of Chinese president comes at a time, when Beijing and Washington are stuck in a

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