Tuesday, September 7, 2010

China Says Will Increase Imports; Analysts Doubtful


China has promised to “vigorously” expand imports of key products from around the world to balance its export driven trade, but analysts dismissed it as a mere lip service than a firm commitment. China, the worlds largest exporter, will “vigorously” expand its imports of key products to cut its trade surplus to avoid growing protectionism against its products in different countries, China’s deputy international trade representative Chong Quan said.

“We will especially encourage imports of products the nation is short of, especially advanced technology and key equipment,” Quan was quoted in the official media as saying.

Special attention will be paid to expanding imports from countries that China has a trade surplus with, he said at the China Import Forum. Read more here.