BEIJING--A senior minister said on Sunday China's policy of restricting market access is important for domestic growth, even as President Xi Jinping seeks to project the country as a world leader in fighting protectionism.


  The comment came as Xi painted China as a defender of globalisation, while repeatedly maintaining that it would keep its trade door wide open.
  "In some areas, we determine that a certain percentage of the market share must be controlled by domestic players, this is a last resort," Miao Wei, who heads China's Ministry of Industry and Information Technology, said at the China Development Forum in Beijing.
  Other countries have policies restricting the import of some of China's equipment and products, while there is demand for those products in China, said Miao. "So we must resolve this on our own, or else it will have a major impact on our growth," Miao said.
  More than 80 percent of members of a U.S. business lobby in China say foreign companies are less welcome than in the past, a survey released in January showed, with most saying they have little confidence in China's vows to open its markets.
   A the same forum, Vice Premier Zhang Gaoli China opposes various forms of trade protectionism and supports free trade, reaffirming Beijing's stance amid worries over weak global demand.
  "China is willing to work with other countries to oppose various forms of trade and investment protectionism," Zhang told the China Development Forum in Beijing. "We should unwaveringly push forward economic globalisation ... we cannot stop our footsteps because of temporary difficulties."
  Zhang said world policymakers should make the globalisation process more "inclusive" by putting more emphasis on equality. "The world economy is in a deep adjustment, growth is weak and trade protectionism is rising," Zhang said.
  Beijing is struggling to cope with weak global demand and faces risks from growing U.S. trade protectionism as the administration under new President Donald Trump shows an aversion to globalisation. In January, Chinese President Xi Jinping, as a keynote speaker at the World Economic Forum in Davos, Switzerland, offered a vigorous defence of globalisation and signalled Beijing's desire to play a bigger role on the world stage.

Microsoft Corporation

NMS : MSFT - 29 Mar, 12:17pm
65.115
-0.175 (-0.268%) After Hours:
Open 65.120 Mktcap 503.18B
High 65.340 52wk Hight 65.910
Low 64.948 52wk Low 48.035
Vol 5.28M Avg Vol 23.10M
Eps 2.980 P/e 30.642
Currency: USD

Alphabet Inc.

NMS : GOOG - 29 Mar, 12:17pm
828.8732
+7.9532 (+0.9688%) After Hours:
Open 825.0000 Mktcap 573.10B
High 829.5899 52wk Hight 853.5000
Low 822.3801 52wk Low 663.2840
Vol 614443 Avg Vol 1.49M
Eps 33.2900 P/e 29.7332
Currency: USD

Apple Inc.

NMS : AAPL - 29 Mar, 12:18pm
143.74
-0.06 (-0.04%) After Hours:
Open 143.67 Mktcap 754.14B
High 144.20 52wk Hight 144.20
Low 143.19 52wk Low 89.47
Vol 14.14M Avg Vol 27.46M
Eps 8.94 P/e 17.26
Currency: USD

International Business Machines

NYQ : IBM - 29 Mar, 12:17pm
173.88
-0.63 (-0.36%) After Hours:
Open 174.30 Mktcap 164.01B
High 174.49 52wk Hight 182.79
Low 173.46 52wk Low 142.50
Vol 898686 Avg Vol 3.66M
Eps 13.79 P/e 14.04
Currency: USD

Oracle Corporation Common Stock

NYQ : ORCL - 29 Mar, 12:18pm
44.60
-0.09 (-0.20%) After Hours:
Open 44.52 Mktcap 183.51B
High 44.73 52wk Hight 46.99
Low 44.47 52wk Low 37.62
Vol 4.48M Avg Vol 13.38M
Eps 2.63 P/e 21.10
Currency: USD

EMC Corporation

NYQ : EMC - 06 Sep, 4:00pm
29.05
+0.00 (+0.00%) After Hours:
Open 29.05 Mktcap
High 52wk Hight 29.13
Low 52wk Low 22.99
Vol 0 Avg Vol 15.61M
Eps 1.84 P/e
Currency: USD

Nokia Corporation Sponsored Ame

NYQ : NOK - 29 Mar, 12:17pm
5.36
-0.04 (-0.74%) After Hours:
Open 5.35 Mktcap 30.66B
High 5.38 52wk Hight 6.31
Low 5.33 52wk Low 4.04
Vol 4.83M Avg Vol 12.29M
Eps 0.24 P/e
Currency: USD

Intel Corporation

NMS : INTC - 29 Mar, 12:18pm
35.555
-0.045 (-0.126%) After Hours:
Open 35.520 Mktcap 168.10B
High 35.700 52wk Hight 38.450
Low 35.520 52wk Low 29.500
Vol 7.80M Avg Vol 23.78M
Eps 2.800 P/e 16.771
Currency: USD

Royal Dutch Shell PLC Royal Dut

NYQ : RDS-A - 29 Mar, 12:17pm
52.95
+0.10 (+0.19%) After Hours:
Open 52.41 Mktcap 215.65B
High 53.13 52wk Hight 56.39
Low 52.39 52wk Low 46.42
Vol 2.00M Avg Vol 3.43M
Eps 3.69 P/e 45.65
Currency: USD