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Yao Jian, spokesman of the Ministry of Commerce (MOFCOM), recently delivered talks to state that in the course of overcoming the adverse impact of the international financial crisis, China not only adopted measures to stabilize export but took action to expand import. In 2009, the export saw a year-on-year decline of 16.0%, import 11.2%, with import 4.8 percentage points less than export and the trade surplus dropped 34.2%. From January to February this year, export rose 31.4%; and import 63.6%, with import 32.2 percentage points more than export, and the trade surplus fell 50.5% (the general trade deficit amounted to USD6.81b while the trade surplus was USD12.27b in the same period last year). It can be estimated that the effect of expanding import this year will be further prominent and import and export trade will be more balanced.
Yao pointed out that in 2010, China will adopt the policies and measures to further expand import: firstly, to stabilize polices to promote various imports, establish and perfect the import promotion system and focus on expanding the import of advanced technical equipment, key components and parts and domestic badly-needed goods and materials; secondly, to further raise the degree of import trade facilitation; thirdly, to strengthen import promotion; fourthly, to enhance regional cooperation to boost the growth of bilateral trade; fifthly, to continuously carry out trade investment promotion campaigns; and sixthly, to intensify exchanges and negotiations to urge relevant countries to lift the restrictions against China on high technical products.
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