China's Li pledges market opening in bid to avert US trade war

In a conference late-Monday, China’s Premier Li Keqiang reiterated his pledge to open the Chinese markets to the American businesses, in an effort to avert a trade war with the US.

Li noted that China would treat foreign and domestic firms equally, would not force foreign firms to transfer technology and would strengthen intellectual property rights, repeating promises that have failed to placate Washington, Reuters reports.