Chinese business leaders and government academics aimed to de-escalate trade war tension on Monday, in advance of a speech by president Xi Jinping in which he was expected to announce new market-opening measures to address US concerns.
China has sought to play the role of responsible guardian of the global trading system in response to tariffs from US president Donald Trump and the threat of even harsher sanctions to come.
At the annual Bo’ao Forum for Asia in the resort island of Hainan — billed as “China’s Davos” — Chinese speakers played down rumours that China was making preparations to escalate the conflict.
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