Tariff cut 'to boost imports'

0 CommentsPrint E-mail China Daily, March 3, 2011
Adjust font size:

Import tariffs will be reduced on a range of products and red tape involved in import application procedures will be further cut, to "maintain balanced trade", a senior official told China Daily.

"We will launch a series of measures to stimulate imports this year, including adjusting tariffs on some categories of goods and further simplifying the administrative process," Zhong Shan, vice-minister of commerce, told China Daily on the sidelines of the East China Fair, which opened in Shanghai on Tuesday.

Zhong declined to elaborate on the exact measures that will be introduced.

Chen Deming, minister of commerce, said in December at the annual commerce work conference that an important task for the ministry this year is to boost imports. A forum dedicated to issues concerning imports is scheduled to take place in late March.

Zhang Xiaoji, a top trade researcher at the Development Research Center, a think tank affiliated to the State Council, said there is plenty of scope to slash tariffs on certain categories, including luxury goods.

"China's imports will increase rapidly", if any move is made in that direction, he said.

Huo Jianguo, director of the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, said import tariffs on resources are comparatively low, but the government could consider reducing tariffs on high-tech goods.

The ministry said at the December conference that China will issue guidelines to promote imports of mechanical and electrical products, especially those related to new energy, energy saving, high-end manufacturing, low-carbon technology, aerospace, shipbuilding and railways.

China's trade surplus narrowed 53.5 percent to $6.46 billion in January, the lowest level in nine months, amid government efforts to boost imports and domestic consumption. Imports surged by 51 percent to $144.3 billion while exports rose by 37.7 percent to $150.7 billion, according to the General Administration of Customs.

Zhong said an "excessive trade surplus is not what China's policy is oriented toward", and "one of our goals is to maintain balanced trade".

Wang Shouwen, director of the department of foreign trade at the commerce ministry, also said it is still "too early" to tell whether the declining trade surplus trend will continue for the rest of the year, as it is "rapidly rising commodity prices" that helped boost the nominal value of imports in January.

"It does not necessarily mean an increase in the overall quantity of imports," he said.

Although demand in developed economies is recovering steadily, Chinese exporters are still under great pressure with the rising cost of labor and raw materials and the yuan's continued appreciation.

"China needs to improve the quality of its exports so that domestic exporters can reap larger profit margins," Zhong said.

The four-day East China Fair, a major trade barometer together with the Canton Fair in Guangzhou, has attracted more than 3,300 domestic exporters as well as 170 exhibitors from Japan, South Korea, India, the United States, Hong Kong and Taiwan.

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: 久久青草免费91观看| 最近中文字幕mv在线视频www| 樱花草在线社区www韩国| 无人区免费高清在线观看| 在线观看一区二区精品视频| 国产成人av免费观看| 人人鲁免费播放视频人人香蕉| 九色国产在视频线精品视频| xxxxx性欧美| 国产成人精品免费视频动漫| 男国少年梦电影| 日本免费v片一二三区| 国产边摸边吃奶叫床视频| 国产chinasex对白videos麻豆| 亚洲成a人片在线观看精品| 中国china体内谢o精| 亚洲武侠欧美自拍校园| 真实国产老熟女粗口对白| 日韩一区二三区国产好的精华液| 在线播放国产视频| 哦┅┅快┅┅用力啊┅┅动态图| 亚洲三级在线免费观看| av无码av天天av天天爽| 色费女人18毛片a级毛片视频| 欧美巨大黑人精品videos人妖| 婷婷人人爽人人做人人添| 国产在线a不卡免费视频| 亚洲成人第一页| a级精品国产片在线观看| 色悠久久久久久久综合网| 杨玉环三级dvd| 在线黄视频网站| 又大又紧又硬又湿a视频| 久久精品中文闷骚内射| 2019国产麻豆剧传媒视| 激情久久av一区av二区av三区| 成年人免费看片网站| 国产午夜精品一区二区三区| 亚洲午夜在线一区| 97在线观看中心| 相泽亚洲一区中文字幕|