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China will continue to staunchly stay on the path of peaceful development, pursue a mutually beneficial strategy of opening-up, and forge a new type of international relations featuring mutual respect, fairness, justice and win-win cooperation, Xi said.
China will continue to grow economically and prosper and it will continue to modernize. It is moving away from low-cost, low-wage manufacturing of goods to be exported around the world, to an economy that is more innovation and technology based.
China will also improve the quality of its exports, import more high-quality products and modernize its logistics system, it says.
China said if the US introduces trade sanctions, including tariff increases, the economic and trade achievements negotiated by the two sides will not take effect, following the third round of high-level official talks concluded on Sunday.
China will continue to adopt a prudent and neutral monetary policy and a proactive fiscal policy in 2018, according to the statement. China must build and improve the mechanisms for pushing ahead high-quality development, the statement said.
