Guideline to boost level of imports
Source: Xinhua |
March 2, 2012, Friday
|
Print Edition
Print Edition
A guideline to accelerate the transformation of China's foreign trade growth pattern was jointly issued yesterday by 10 government agencies.
The country aims to balance its foreign trade by increasing imports and optimizing the mix of its import tariffs, according to the publication on the Ministry of Commerce website.
The guideline said favorable tariff policies will be implemented to boost imports of advanced technology, equipment and components, energy and raw materials as well as people's daily necessities.
The government will encourage domestic firms to "go overseas" and secure stable supplies of energy and resources abroad, it said. China also aims to assume greater pricing power in the global commodities market and enhance its reserves of strategic resources.
The guideline urged the share of developing countries in China's foreign trade be raised.
The country aims to balance its foreign trade by increasing imports and optimizing the mix of its import tariffs, according to the publication on the Ministry of Commerce website.
The guideline said favorable tariff policies will be implemented to boost imports of advanced technology, equipment and components, energy and raw materials as well as people's daily necessities.
The government will encourage domestic firms to "go overseas" and secure stable supplies of energy and resources abroad, it said. China also aims to assume greater pricing power in the global commodities market and enhance its reserves of strategic resources.
The guideline urged the share of developing countries in China's foreign trade be raised.
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