March 30, 2018 / 11:44 AM / 2 years ago

China to import $8 trillion of goods in next five years: foreign minister

FILE PHOTO: Container boxes are seen at the Yangshan Deep Water Port, part of the Shanghai Free Trade Zone, in Shanghai, China September 24, 2016. Picture taken September 24, 2016. REUTERS/Aly Song/File Photo

BEIJING (Reuters) - China will import $8 trillion 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.

(This version of the story corrects to $8 trillion in first paragraph from $8 billion)

Reporting by Beijing monitoring desk, editing by Larry King

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