Imports And Outbound Investment Backed
By Wang Yanlin |
December 25, 2010, Saturday
|
Print Edition
Print Edition
CHINA will unveil measures next year to encourage imports and boost outbound foreign investment in a bid to trim the trade surplus, the Ministry of Commerce has said.
The measures may include duty deduction on imports, expanding import credit and credit insurance as well as supporting the imports of more value-added products such as medical equipment and energy-conservation goods, the Shanghai Securities News reported yesterday. To encourage outbound investment, China will widen the cross-border yuan settlement program and support its firms to invest in key sectors overseas.
China eyes 10 percent growth each in foreign trade and non-financial overseas direct investment, Huo Jianguo, president of the ministry's Chinese Academy of International Trade and Economic Cooperation, has said.
The measures may include duty deduction on imports, expanding import credit and credit insurance as well as supporting the imports of more value-added products such as medical equipment and energy-conservation goods, the Shanghai Securities News reported yesterday. To encourage outbound investment, China will widen the cross-border yuan settlement program and support its firms to invest in key sectors overseas.
China eyes 10 percent growth each in foreign trade and non-financial overseas direct investment, Huo Jianguo, president of the ministry's Chinese Academy of International Trade and Economic Cooperation, has said.
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