Vice Minister of Commerce Yi Xiaozhun said here on the 15th that China will actively encourage and expand imports, and gradually achieve a balanced development of imports and exports.
At the opening ceremony of the 2010 China (Shanghai) International Transnational Procurement Conference, Yi Xiaozhun pointed out that long-term trade imbalances are neither China's policy options nor the sustainable development of foreign trade. To this end, China has adopted a series of policy measures including reducing import tariffs, implementing import facilitation, expanding zero-tariff treatment for LDCs, and strengthening import promotion activities, and achieved remarkable results.
From January to July this year, China’s trade surplus was US$83.33 billion, a decrease of 21.2% year-on-year. Yi Xiaozhun said that in the next step, China will continue to stabilize various import promotion policies, improve the import promotion system, strengthen the construction of import promotion platforms, increase the level of convenience in import trade, and further promote trade balance. He said that accelerating the transformation of the development mode of foreign trade is not only an inherent requirement for China to change the mode of economic development, but also a fundamental way to realize the transition from a large trading country to a powerful trading nation.
The deputy minister also pointed out that as an important part of "improving China's participation in international competition," China still needs to vigorously develop service trade and gradually achieve a balanced development of goods trade and service trade. According to its introduction, China will intensify the trade potential of traditional advantages such as transportation, tourism, and construction, increase export efficiency and added value, vigorously support the export of new services such as culture, finance, software and information services, and actively undertake the transfer of international service industries. Expand the scale of service outsourcing.

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