China to import $8tn of goods in next 5 years

China to import $8tn of goods in next 5 years

Chinese Foreign Minister Wang Yi waves upon his arrival at the National Convention Center for the Greater Mekong Subregion summit in Hanoi on Friday. (Reuters photo)
Chinese Foreign Minister Wang Yi waves upon his arrival at the National Convention Center for the Greater Mekong Subregion summit in Hanoi on Friday. (Reuters photo)

BEIJING: China will import US$8 billion of goods and attract $600 billion of foreign investment in the next five years, Foreign Minister Wang Yi said on Friday.

China's overseas investment will reach $750 billion in the next five years, the Foreign Ministry said in a statement on its website, citing Wang at a conference in Vietnam.

Wang said China would widen market access and open up its financial sector.

The practices of unilateralism and protectionism would be a form of regression, and not only would they lead to a dead end, they would damage one's own interests, he said.

The Chinese foreign minister is in Hanoi to attend the Greater Mekong Subregion summit.

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