Related News
Commerce official says China set to boost imports
By Wang Yanlin |
September 29, 2011, Thursday
|
Online Edition
Online Edition
CHINA sent out a clear message today that the time was right for the country to vigorously boost imports.
Vice Minister of Commerce Zhong Shan said at the China Imports Forum held in Shanghai that the era of depending heavily upon exports had come to an end, and China had to pursue balanced trade under the current global economic climate.
"We used to stress exports as an important source of our economic growth, but the conditions have changed. We now should seek more balanced trade and transform imports into another power to drive ahead our economy," Zhong told the forum, which summoned senior commerce officials across the country.
China's imports staged strong growth over the past two years when exports were affected by waning global demand amid the economic crisis.
Last year, China's imports jumped 38.7 percent from a year earlier to US$1.39 trillion, while exports increased 31.3 percent to US$1.58 trillion. This helped to reduce the trade surplus to around US$190 billion, down 6.4 percent from a year earlier.
The proportion of the surplus among the total trade value thus declined to 6.2 percent in 2010 from 11.6 percent in 2008 and 8.9 percent in 2009, indicating a more balanced trade structure.
Stronger import growth continued this year. In the first eight months, China's imports climbed 30.2 percent year-on-year to US$1.13 trillion 鈥 faster than exports, which rose 24.5 percent.
Vice Minister of Commerce Zhong Shan said at the China Imports Forum held in Shanghai that the era of depending heavily upon exports had come to an end, and China had to pursue balanced trade under the current global economic climate.
"We used to stress exports as an important source of our economic growth, but the conditions have changed. We now should seek more balanced trade and transform imports into another power to drive ahead our economy," Zhong told the forum, which summoned senior commerce officials across the country.
China's imports staged strong growth over the past two years when exports were affected by waning global demand amid the economic crisis.
Last year, China's imports jumped 38.7 percent from a year earlier to US$1.39 trillion, while exports increased 31.3 percent to US$1.58 trillion. This helped to reduce the trade surplus to around US$190 billion, down 6.4 percent from a year earlier.
The proportion of the surplus among the total trade value thus declined to 6.2 percent in 2010 from 11.6 percent in 2008 and 8.9 percent in 2009, indicating a more balanced trade structure.
Stronger import growth continued this year. In the first eight months, China's imports climbed 30.2 percent year-on-year to US$1.13 trillion 鈥 faster than exports, which rose 24.5 percent.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
