Import Data News
- China to increase imports: president
Date: 7-Sep-2007 Sources: (Shenzhen Daily)
PRESIDENT Hu Jintao said Thursday that China doesn't seek a large trade surplus and will continue to increase imports.
'China will continue to increase imports....to ensure coordinated and balanced growth of import and exports,'he told an Asia-Pacific Economic Cooperation (APEC) business summit, according to a translation of his comments.
The president said China is ready to forge closer ties with other APEC member countries, noting it is already conducting trade area negotiations with Singapore and New Zealand.
He also said that China still faces structural and institutional problems that constrain its economic development.
China's exports in July rose 34.2 percent year on year to US$107.74 billion while imports grew 26.9 percent to US$83.39 billion.
The trade surplus hit US$24.36 billion, second only to June's record US$26.9 billion. For the January-July period, China's trade surplus totaled US$136.82 billion, or 77 percent of last year's annual trade surplus.
Hu also said that China is ' willing and ready?to work with the international community to improve product safety.
'The Chinese Government has always taken the quality of Chinese products and the safety of Chinese food very seriously,'Hu said.
'The Chinese side is willing and ready to work together with the international community to step up cooperation in quality inspections and examinations and further deepen mutually beneficial economic cooperation and trade,'he said.
Hu said the improvement of food and product safety was 'a common task facing the whole international community?and that China was ready to play its part.
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