China sweetens deal, to import $2-trn goods from OBOR nations in 5 yrs

China will also promote free trade talks and push forward with negotiations to form RCEP

OBOR, Xi Jinping, Belt and Road Forum, CPEC
Chinese Commerce Minister Zhong Shan delivers his speech during the opening ceremony for the Sino-German Center for Sustainable Development at the Ministry of Commerce in Beijing, China, May 11, 2017. Photo: Reuters
Reuters Beijing
Last Updated : May 14 2017 | 2:27 PM IST
China will import $2 trillion worth of products from countries participating in its Belt and Road initiative over the next five years, Commerce Minister Zhong Shan said at a summit on the programme.

He also said China will promote free trade talks and push forward with negotiations to form the Regional Comprehensive Economic Partnership (RCEP), a China-backed trading pact.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: May 14 2017 | 2:27 PM IST

Next Story