Expanding Import Measures To Promote Trade Balance

China's commerce minister Chen Deming said 11 days that China will adopt fiscal and taxation policies.

We should increase import convenience level, promote the linkage between import and domestic circulation and so on.

Analysts believe that under the background of severe export situation, China emphasizes that expanding imports can not only promote the balance of foreign trade, but also expand domestic demand, promote economic restructuring and achieve a sustainable recovery.

China's customs data show that in May, China's import and export volume both reached a record high of 181 billion 140 million US dollars, an increase of 15.3% over the same period last year, and imports reached 162 billion 440 million US dollars, an increase of 12.7%.

"Although the growth rate of imports and exports has picked up in May, the latter stage remains to be seen," Chen Deming said.

This year, China's export situation is still grim. If we are lucky, we can achieve an annual growth of about 10% in foreign trade. "

The export situation is grim. Why do we need to strengthen imports? Li Jian, a researcher at the Ministry of Commerce and Trade Research Institute of China, believes that the expansion of imports while stabilizing exports is a long-term strategy for China.

It can not only reduce the surplus, but also achieve trade balance.

To promote China's economic restructuring and sustained recovery.

Therefore, even if the export situation is grim, we must insist on expanding imports.

According to the Ministry of Commerce, China has a trade surplus with 175 trading partners in 2011, accounting for 73% of all trade partners. The US and Europe are the main source of surplus in China.

Although the trade surplus is related to China's position in the global industrial chain, it is reasonable.

But the huge trade surplus has made China the world's worst trade frictions.

Western developed countries are also pressing China to increase imports and RMB appreciation.

At present,

The prospect is unpredictable, and the global economic recovery is weak. China's expansion of imports and the reduction of trade surplus are the necessary measures to avoid the loss of foreign exchange reserves caused by fluctuations in international financial markets.

According to statistics from the Ministry of Commerce, China's foreign exchange reserves are as high as 3 trillion and 200 billion US dollars. Since the beginning of reform and opening up, China's total trade surplus has reached US $1 trillion and 600 billion, accounting for about half of its foreign exchange reserves.

In recent years, China's trade surplus has continued to decrease.

China's Ministry of Commerce predicts that the foreign trade will achieve a basic balance this year, with a slight surplus, and the surplus will be narrowed further than last year.

Although China's foreign trade balance has improved, Chen Deming stressed that strengthening imports is not a temporary expediency, but an objective need to promote the internal and external equilibrium of China's economy. It is an important support for promoting China's structural adjustment, an effective way for China to solve bottleneck constraints, and an inevitable requirement for expanding consumption.

During the "12th Five-Year" period, economic restructuring is an important part of China's pformation of the mode of economic development.

At present, the development of the central and western regions, the people's livelihood and emerging industries are new highlights in China's economic growth, but many key parts and equipment still need to be imported. "Expanding the import of equipment and products with high technological content and added value will help to promote the adjustment and upgrading of industrial structure."

Li Jian said.

Expanding domestic demand, especially expanding household consumption, is also an important goal of expanding imports.

Li Jian said that reducing the import tariffs of some daily necessities, such as meat, dairy products, cosmetics and clothing, which are closely related to people's lives, can meet the increasing living needs of ordinary people and increase the stimulating effect of consumption on economic growth.

Chen Deming said that at present and in the coming period, while maintaining steady growth in exports, China will attach more importance to imports, appropriately expand import scale and promote a basically balanced foreign trade.

We should improve the level of import facilitation, implement the preferential policies of state charging enterprises, strictly implement the public announcement system of charging items, clean up unreasonable charges in import links, and further standardize the charging behavior.

To promote the convergence of imports and domestic circulation, encourage domestic commercial enterprises to act as agents for foreign brands of consumer goods;

We should actively promote investment and trade promotion activities, improve imports of public services, and support countries and regions with larger trade deficits with China to hold exhibitions such as commodity exhibitions and fair talks.

To strengthen financial and tax support and financial support, China's Ministry of Commerce will cooperate with relevant departments to conscientiously implement the import and export policies of finance, taxation and finance.

It is understood that China's imports of goods amounted to US $1 trillion and 740 billion last year, and it has become the second largest importer in the world. China's Ministry of Commerce predicts that the total import volume of China's goods will exceed US $8 trillion in 12th Five-Year and become the largest importer in the world.