e-magazine
The Hot Zone
China's newly announced air defense identification zone over the East China Sea aims to shore up national security
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Weekly Watch
Expert's View
World
Nation
Business
Finance
Market Watch
Legal-Ease
North American Report
Forum
Government Documents
Expat's Eye
Health
Science/Technology
Lifestyle
Books
Movies
Backgrounders
Special
Photo Gallery
Blogs
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Web-magazine
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue
eBeijing

ECONOMY
THIS WEEK> THIS WEEK NO. 15, 2012> ECONOMY
UPDATED: April 6, 2012 NO. 15 APRIL 12, 2012
Boosting Imports
Share

China, the world's second largest importer, will cut import duties on some energy products, raw materials, consumer goods closely related to people's daily lives, and key spare parts that China does not produce, said the State Council on March 30.

It is the first time the State Council has devoted a regular meeting to the issue of boosting imports, which is usually the responsibility of the Ministry of Commerce.

The decision, coming after China posted its largest monthly trade deficit in at least a decade in February, underlines the country will buy more from its trade partners to boost domestic consumption.

"As we maintain steady growth in export, we should focus more on import and appropriately expand its amount," said the State Council.

China will also encourage importers to buy more from countries that have free trade agreements with China, such as Pakistan, New Zealand and member countries of the Association of Southeast Asian Nations.

Experts said the new move is expected to reduce China's trade surplus by increasing imports, which may help reduce trade frictions with other countries.



 
Top Story
-Protecting Ocean Rights
-Partners in Defense
-Fighting HIV+'s Stigma
-HIV: Privacy VS. Protection
-Setting the Tone
Most Popular
 
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved