Imports to continue
Source: Xinhua |
April 20, 2011, Wednesday
|
Print Edition
Print Edition
CHINA will stick to the policy of boosting imports despite suffering its first quarterly trade deficit in six years, Yao Jian, spokesman for the Ministry of Commerce, said yesterday.
"Considering China's industrial scale and dependence on raw materials from the outside world, the country would probably keep importing resource products for quite some time," Yao said.
China saw a trade deficit of US$1.02 billion from January to March this year.
Yao attributed the deficit to accelerated imports of resource products in the first three months, saying such imports made Chinese industries vulnerable to global market fluctuations.
"Considering China's industrial scale and dependence on raw materials from the outside world, the country would probably keep importing resource products for quite some time," Yao said.
China saw a trade deficit of US$1.02 billion from January to March this year.
Yao attributed the deficit to accelerated imports of resource products in the first three months, saying such imports made Chinese industries vulnerable to global market fluctuations.
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