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China is implementing a high-level trade and investment liberalization policy and exploring to establish a free trade system with Chinese characteristics in Hainan as it marks the 40th anniversary of its reform and opening-up this year, said Chi Fulin, head of the Hainan-based China Institute for Reform and Development.
Cutting overcapacity in bloated sectors like steel and coal has been high on the government work agenda in recent years as production gluts ate into corporate profits and dragged economic growth.
What China most wants to see is stable development and prosperity in Pakistan, Xi said.
"If the cost of the American products rises, we will shift our imports to other countries which will be a blow to American manufacturers and farms," he said.
BOAO, Hainan, April 10 (Xinhua) -- China-Pakistan relations should be a pillar for regional peace and stability, Chinese President Xi Jinping said Tuesday when meeting with Pakistani Prime Minister Shahid Khaqan Abbasi during the Boao Forum for Asia annual conference.
来源：资阳报