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: 久久久久久91| 亚洲福利电影在线观看| 香蕉视频一区二区| 国产精品爽爽va在线观看无码| 一二三四视频日本高清| 手机在线观看视频你懂的| 久久无码人妻一区二区三区午夜 | 中文字幕成人在线观看| 日韩电影在线|中韩| 亚洲免费在线观看视频| 欧美日韩视频一区三区二区| 人妖视频在线观看专区| 粗大的内捧猛烈进出小视频| 另类人妖交友网站| 色婷婷久久综合中文久久一本`| 国产国语高清在线视频二区| 国产乱码精品一区二区三区中| 国产美女网站视频| 98久久人妻无码精品系列蜜桃| 天天做天天爱天天爽综合网| √天堂资源最新版中文种子| 成人免费激情视频| 中文字幕无线码一区二区| 日日噜噜夜夜爽爽| 久久免费公开视频| 日韩大片免费看| 久久综合九色综合欧洲| 晚上看b站直播软件| 亚洲AV无码有乱码在线观看| 欧美一级视频免费观看| 亚洲国产日韩在线成人蜜芽| 欧美日韩亚洲无线码在线观看| 亚洲欧美清纯校园另类| 永久免费bbbbbb视频| 亚洲经典在线观看| 牛牛在线精品免费视频观看| 人人妻人人做人人爽精品| 狼群视频在线观看www| 人妻无码一区二区三区AV| 狠狠色噜噜狠狠狠狠网站视频| 你懂的在线免费观看|