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Chen Deming: China Will Double Imports In 5 Years.

2011/1/30 9:43:00 53

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Chen Deming, Minister of Commerce, said at the Davos world economic forum 27, China is opening up.

Economics

The market will continue to open RMB business.

China is expected in the next 5 years.

Imported

Double the amount.

Chen Deming said that the total trade between China and the United States is about 380 billion dollars.

2010 us to China

Exit

Soaring to more than 100 billion US dollars, it is hoped that US exports to China can also be doubled to about US $200 billion.

China hopes to import more needed materials under reasonable tariffs and trade facilitation, including raw materials, technology and equipment and all kinds of consumer goods needed by people's lives.

China's importers are determined to expand imports according to the needs of Chinese consumers. It is hoped that countries with deficits in trade with China can further cancel export restrictions and export more products to China.

Chen Deming said that China's import and export trade increased significantly in 2010, with total import and export volume of nearly US $3 trillion, export growth of about 31%, import growth of about 38%, import growth rate faster than export growth by 7 percentage points, and trade surplus correspondingly reduced.

He pointed out that, according to the export orders of Chinese enterprises, the US and European Union's orders and consumption increased in 2011, especially in the private sector.

Because China is diversifying its exports, the US and Europe account for a smaller proportion of China's exports.

Chen Deming stressed that in the past 10 years, China's domestic consumption grew at a rate of 15% per year, and will continue to maintain such a growth rate in the future, and China's imports will grow significantly.

China has a population of 1 billion 300 million. China's development and prosperity should be shared with the rest of the world.

In the future, China will pay more attention to overseas investment, pay more attention to expanding imports and pay more attention to domestic consumption promotion.