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

China will import $8 billion 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.

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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.