Chen Deming: China Will Double Imports In 5 Years.
Chen Deming, Minister of Commerce, at the Davos world economic forum 27, said that China will continue to uphold the market needs to open renminbi business in the process of opening up the economy. China's imports are expected to double in the next 5 years.
Chen Deming said that the current Sino US
Trade
The total amount is about $380 billion.
In 2010, the US exports to China surged to more than $100 billion, and it was hoped that US exports to China could double to about $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 United States and the European Union in 2011
Order
And consumption is increasing, 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 investment.
consumption
Promote work.
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