BIZCHINA / Center
More high-tech imports to reduce trade surplus
By Lin Guan (chinadaily.com.cn)
Updated: 2007-04-12 14:08
"China's soaring trade surplus has brought a series of problems in recent
years. And the Chinese government is seeking the solution by increasing
high-tech imports in an attempt to narrow the surplus," said Wei Jianguo,
vice minister of commerce and director of the national mechanical and
electrical products import and export office at a recent business meeting
about mechanical and electrical products.
It is said that five measures will be taken by the Ministry of Commerce
and other relevant ministries to boost high-tech equipment imports. These
measures include increasing high-tech equipment imports and imports from
countries with which China has a trade surplus, realizing imports through
large-scale exhibitions, simplifying import application procedures,
perfecting import management laws and regulating import market order.
Some badly needed equipment in China such as devices for the
manufacturing of integrated circuit, high-end chemical fibre, and
high-performance electronically-controlled machine tools will be
prioritized in the import list. The government also encourages imports of
energy-saving devices and new technologies.
According to Wei, solutions to international trade imbalances are not
only about increasing imports and decreasing exports, but also about
optimizing export structure and transforming the mode of foreign trade
increase.
He also noted that most sectors in China are not equipped with advanced
devices, leaving a huge room for high-tech imports.
At the same time China's foreign reserves will be a strong backer in the
purchasing process. And the appreciation of the renminbi is reducing the
cost of imports. This year, China will focus on imports from the US,
Russia and some other key countries in order to promote international
communication, cooperation and advanced technologies imports in the field
of energy-saving and environmentally-friendly products.
(For more biz stories, please visit Industry Updates)
Related Stories
� Trade surplus unlikely to grow rapidly: vice minister
===========================================================================
� Trade surplus lowers in first quarter
===========================================================================
� China set to balance trade amid soaring surplus
===========================================================================
� Gov't vows action on trade gap
===========================================================================
Learn Chinese, Chinese Online Class
No comments:
Post a Comment