Beijing is going to import more goods and equipment in 2011 while keeping exports steady, said China's Minister of Commerce Chen Deming. Analysts believe it is a clear sign that the world's second-largest economy is keen to pull more weight as a consumer.
In a statement on the ministry's official website appeared on Thursday, Chen said China would try to attain a balance of foreign trade, and will step up purchases of high-tech goods and commodities such as grains and cotton from the global market.
"We will improve our policies and further simplify regulations to support expansions in imports and promote trade balance," Chen said.
Beijing, a growing engine of global economic recovery from a deep recession, has taken steps to spur domestic consumption to help reduce its economic reliance on exports.
Foreign Ministry spokeswoman Jiang Yu said on Thursday in Beijing that China will try to help the euro-zone countries to improve their fiscal situation. Chen said Europe's debt problems posed a serious risk to the recovery in the world economy, and that has helped to lead to "an extremely complicated" 2011 trade outlook for China.
Chen said China would also study how to diversify the use of its $2.65 trillion foreign exchange reserves, the world's largest.
China will use part of its foreign exchange reserves to help domestic firms expand their business ventures abroad.
Chen also urged developed countries to remove restrictions on exports of high-tech products to China, which is seen by Beijing as one of the major reasons creating its trade surplus.
People's Daily Online
In a statement on the ministry's official website appeared on Thursday, Chen said China would try to attain a balance of foreign trade, and will step up purchases of high-tech goods and commodities such as grains and cotton from the global market.
"We will improve our policies and further simplify regulations to support expansions in imports and promote trade balance," Chen said.
Beijing, a growing engine of global economic recovery from a deep recession, has taken steps to spur domestic consumption to help reduce its economic reliance on exports.
Foreign Ministry spokeswoman Jiang Yu said on Thursday in Beijing that China will try to help the euro-zone countries to improve their fiscal situation. Chen said Europe's debt problems posed a serious risk to the recovery in the world economy, and that has helped to lead to "an extremely complicated" 2011 trade outlook for China.
Chen said China would also study how to diversify the use of its $2.65 trillion foreign exchange reserves, the world's largest.
China will use part of its foreign exchange reserves to help domestic firms expand their business ventures abroad.
Chen also urged developed countries to remove restrictions on exports of high-tech products to China, which is seen by Beijing as one of the major reasons creating its trade surplus.
People's Daily Online