China's "Twelfth Five-Year Plan" will expand imports
Wang Shouwen, Director of the Foreign Trade Department of the Ministry of Commerce, delivered a keynote speech at the Forum on Enlarging the Import and Trade Balance Development held in Kunshan on the 30th. He analyzed the measures for the development of China's foreign trade situation in 2012 and the measures to expand during the 12th Five-Year Plan period, pointing out that this year Since then, China will strengthen its import work by optimizing the structure of import and export, improving the level of trade facilitation, and strengthening the import and export of domestic circulation. Wang accepts that China's previous imports are mostly intermediate products, resource products and mineral products, but now it is necessary to increase imports of capital goods, key components and consumer products. In importing countries and enterprises, it is necessary to increase the import of products to countries with more trade surplus and enterprises with the right to speak. Through the cooperation of the Ministry of Commerce, Customs and other departments, the level of customs clearance efficiency and trade facilitation of imported products should be further improved; at the same time, management measures should be optimized, and unreasonable restrictions on import links should be further eliminated to reduce import costs. On the docking of imported domestic circulation, Wang accepts that it is necessary to encourage large-scale domestic trade enterprises to establish long-term cooperation mechanisms with foreign consumer goods suppliers and reduce intermediate links; and encourage powerful enterprises to integrate domestic trade logistics and other mitigations to make foreign products Successfully entered the domestic circulation field, encouraged the development of direct-purchasing consumer platforms and broke the monopoly.
In addition, Wang accepts that it should promote imports through “going out†and use foreign cost advantages to improve the competitiveness of imported products. At the same time, a further improved import promotion system will enhance policy transparency, use various financial and taxation methods to expand imports, and provide enterprises with more information and financing facilities. “The coordinated development of import and export will help China achieve internal and external growth.†Wang received a report. China’s imports are expanding, from 10.9 billion U.S. dollars in 1978 to 1.74 trillion U.S. dollars last year, accounting for 9% of the world. It has become the world's second largest importer; after joining the WTO, China's annual imports have to grow by 100 billion US dollars, bringing great opportunities to the international market. "China's expansion of imports has a very important role in the recovery of the world economy; China's market potential is huge, and I believe that through a series of efforts, our imports will be further strengthened and foreign trade will be more balanced." Wang said.
In addition, Wang accepts that it should promote imports through “going out†and use foreign cost advantages to improve the competitiveness of imported products. At the same time, a further improved import promotion system will enhance policy transparency, use various financial and taxation methods to expand imports, and provide enterprises with more information and financing facilities. “The coordinated development of import and export will help China achieve internal and external growth.†Wang received a report. China’s imports are expanding, from 10.9 billion U.S. dollars in 1978 to 1.74 trillion U.S. dollars last year, accounting for 9% of the world. It has become the world's second largest importer; after joining the WTO, China's annual imports have to grow by 100 billion US dollars, bringing great opportunities to the international market. "China's expansion of imports has a very important role in the recovery of the world economy; China's market potential is huge, and I believe that through a series of efforts, our imports will be further strengthened and foreign trade will be more balanced." Wang said.
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