China will stick to the policy of boosting imports despite the first quarterly trade deficit in six years, said Yao Jian, spokesman of the Ministry of Commerce, on Tuesday.
"Considering China's industrial scale and dependence on raw materials from the outside world, the country would probably keep importing resource products for quite some time," said Yao.
China saw a trade deficit of 1.02 billion U.S. dollars from January to March this year, the first quarterly trade deficit in six years.
Yao attributed the deficit to accelerated imports of resource products in the first three months, saying such imports made Chinese industries vulnerable to global market fluctuations.
"We would not like to see a trade deficit caused by price changes and we need to pay attention to that," he said.
Aside from resource products, the country will increase imports of high-tech and environment-friendly products, consumer goods and agricultural products, he added.
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"Considering China's industrial scale and dependence on raw materials from the outside world, the country would probably keep importing resource products for quite some time," said Yao.
China saw a trade deficit of 1.02 billion U.S. dollars from January to March this year, the first quarterly trade deficit in six years.
Yao attributed the deficit to accelerated imports of resource products in the first three months, saying such imports made Chinese industries vulnerable to global market fluctuations.
"We would not like to see a trade deficit caused by price changes and we need to pay attention to that," he said.
Aside from resource products, the country will increase imports of high-tech and environment-friendly products, consumer goods and agricultural products, he added.
Weekly review April 14 BRICS nations can be anchor of global economy, politics April 13 China launches assault on child kidnapping April 12 China's coastal seas unaffected by Japan's radioactive water April 11 US has serious human rights abuses: China April 16 The week in pictures April 11 PM Kan offers thanks for 'Kizuna' on People's Daily April 13 Stable BRICS nations prop up world development April 13 US should stop acting like 'preacher' of human rights April 15 GDP rises 9.7% in Q1, inflation surges too April 14 Auditor lady's sudden death sparks overwork debate
