Xinhua: China's record imports are inspirational for world economy amid protectionist headwinds
Xinhua |
Updated: 2018-12-26 16:32
As the year 2018 draws to an end, China's imports are expected to surpass $2 trillion, a record high. The strong momentum seen in China's imports have boosted a world economy struggling with the rising tide of trade protectionism, Xinhua News Agency reported.
According to China's official Customs data, China's imports increased 14.6 percent year-on-year in the first 11 months of 2018. The expected $2 trillion in imports equals the gross domestic product (GDP) of either Brazil or Italy in 2017.
The robust growth of imports and the success of the inaugural import expo in Shanghai last month illustrate China's success in ramping up imports and the role the world has played in China's policy of reform and opening-up.
According to the Ministry of Commerce, lower tariffs, easier customs clearance and improved car import policies could be expected next year.
In the future, China's determination to increase imports will create a more open and inclusive world economy, where the benefits of development can be broadly shared, Xinhua reported.
As the year 2018 draws to an end, China's imports are expected to surpass $2 trillion, a record high. The strong momentum seen in China's imports have boosted a world economy struggling with the rising tide of trade protectionism, Xinhua News Agency reported.
According to China's official Customs data, China's imports increased 14.6 percent year-on-year in the first 11 months of 2018. The expected $2 trillion in imports equals the gross domestic product (GDP) of either Brazil or Italy in 2017.
The robust growth of imports and the success of the inaugural import expo in Shanghai last month illustrate China's success in ramping up imports and the role the world has played in China's policy of reform and opening-up.
According to the Ministry of Commerce, lower tariffs, easier customs clearance and improved car import policies could be expected next year.
In the future, China's determination to increase imports will create a more open and inclusive world economy, where the benefits of development can be broadly shared, Xinhua reported.
