Reuters reports that Chinese President Xi Jinping said that China will continue to cut its tariffs and expand imports of high-quality goods and services.

"We will further reduce tariffs and institutional costs..., and expand imports of high-quality products and services from all countries," Xi said.

China will pursue higher quality growth through its "dual circulation" development model, driven by technological innovation, Xi said.

Xi also called for stronger policy coordination among international communities and said globalisation is "irreversible" and that China will not engage in "de-coupling".

"Our new development pattern is not a closed domestic single circulation, but an open and mutually promoting domestic and international dual circulation," Xi said.

Xi also said China will sign free trade pacts with more countries and will promote a high-quality Belt and Road initiative.