Chinese premier Li Keqiang said earlier this week that China...

Chinese premier Li Keqiang said earlier this week that China wanted the US to ease restrictions on the sale of hi-tech goods to China to help rebalance trade. In a speech on Tuesday Li said China would improve conditions for foreign companies in China, bringing down overall tariffs for imports, slash tariffs for day-to-day consumer goods and would eliminate tariffs for drugs. Manufacturing would be opened up to foreign investors with no requirement for technology transfer, Li said, addressing a long-time sore point for foreign companies. Market access to aged care, education and healthcare and financial services sectors would be widened, and limits on foreign equity lifted in some areas.