Nation boosts efforts to tackle trade surplus

0 CommentsPrint E-mail China Daily, February 18, 2011
Adjust font size:

China will increase efforts to expand imports this year to help balance trade, and to maintain the surplus-deficit ratio at below 3 percent of GDP on the nation's current account, said the Ministry of Commerce on Thursday.

The General Administration of Customs said the trade surplus in January narrowed by 53.5 percent to $6.46 billion, with imports growing faster than exports.

Yao Jian, a ministry spokesman, said the government will take measures to further balance trade. "Promoting imports will be an important policy this year, and more and more people will realize the significance of imports in spurring economic growth and transforming the economic structure," he said.

Last year, the surplus-deficit ratio of GDP in the current account was 3.2 percent, and Yao said the ratio will "fall to below 3 percent" when the import-driven measures are launched.

Yao's remarks ahead of the G20 meeting in Parison on Friday and Saturday, during which discussions will center on moves to correct global trade and economic imbalances.

China's large trade surplus has been cited as one of the root factors that caused the global financial depression in 2008. In 2010, during a meeting of G20 finance ministers and central bank chiefs in Gyeongju, South Korea, US Treasury Secretary Timothy Geithner proposed the ratio of surplus and deficit on the current account of a nation's GDP should be set at 4 percent, as a means of solving global trade imbalances. However, that proposal was opposed by many participating nations.

Since the financial crisis, China's trade surplus has been in decline: in 2010 it fell by 6.4 percent, from a year earlier, to $183.1 billion.

"Recent years have seen the growing importance of China in global trade and economic activity. We have endeavored to maintain stable and balanced trade from 2008 to 2010, and we will continue to do so this year," Yao said.

Customs statistics showed China's trade surplus in January decreased by 53.5 percent year-on-year to $6.46 billion. Imports surged by 51 percent to $144.3 billion while exports rose by 37.7 percent to $150.7 billion.

"The January figure is a positive signal. What is and will be happening with China's trade strategy indicates that the trade surplus this year will drop sharply," said Zhou Shijian, a senior trade expert and also a designated member of a ministry think-tank.

Print E-mail Bookmark and Share

Go to Forum >>0 Comments

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产成人无码免费看片软件| 天天爽夜夜爽人人爽| 亚洲a级黄色片| 波多野结衣和黑人| 动漫美女被吸乳羞羞网站动漫| 韩国三级电影网址| 国产福利一区二区三区在线视频| 999久久久免费精品播放| 宅男666在线永久免费观看| 丰满人妻一区二区三区视频| 日韩精品视频在线播放| 亚洲人成日本在线观看| 欧美日韩高清在线观看| 亲子乱子xxxxxx| 精品三级AV无码一区| 国产69久久精品成人看| 香蕉啪视频在线观看视频久 | 亚洲伊人久久大香线蕉结合| 污视频软件大全| 人妻av无码一区二区三区| 竹菊影视国产精品| 别揉我胸啊嗯奶喷了动态图| 美女视频黄频a免费观看| 国产v精品欧美精品v日韩| 被合租粗糙室友到哭| 国产亚洲综合精品一区二区三区| 黄网站在线观看高清免费| 国产成人女人毛片视频在线| 国产小视频91| 国产欧美在线一区二区三区| 亚洲视频你懂的| 国产精品久久久久免费a∨| 正在播放国产精品放孕妇| 国产精品白浆无码流出| 666永久视频在线| 国产美女精品久久久久久久免费| 97久久精品亚洲中文字幕无码| 在线播放无码后入内射少妇 | 87午夜伦伦电影理论片| 欧美激情一区二区三区在线 | 女人被男人桶爽|