08 February 2024, Thursday, 15:58 141

China pledges to expand imports in 2024

Editor: Тимофій Борзенко

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A cargo ship docking at the Meishan port area of the Ningbo-Zhoushan Port in east China's Zhejiang Province. Photo by Xinhua/Huang Zongzhi.

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China plans to increase imports this year to share the business opportunities arising from its ultra-large market with the world, Commerce Minister Wang Wentao said.

This was reported by The Xinhua News Agency.

"We will expand the imports of high-quality consumer goods, advanced technologies, important equipment, key components, energy and other resources, and agricultural products in short supply in China", – Wang told.

"China will move to diversify import channels and streamline the process of importing", – he added.

"The country will continue to host the China Import and Export Fair, the China International Fair for Trade in Services and the China International Import Expo, support Chinese enterprises in attending exhibitions abroad, and further facilitate cross-border trips for businesspeople to create opportunities for face-to-face communication", – Wang said.

In April 2023, the State Council issued a guideline on stabilizing the scale of foreign trade and optimizing its structure, which has produced positive results, according to the official.

"While continuing to ensure the implementation of the guideline, the Ministry of Commerce is now considering additional measures in this regard and trying to roll them out as soon as possible to complement the existing policies", – Wang said.