Monday, January 3, 2011

Accelerating trade balance stimulated imports policy contemplated

Department of Commerce press spokesman said Yao Jian 17, Department of Commerce has been with the relevant departments of the next how to further promote the import of measures.

19 September, a bit of Commerce think tanks are confirmed to reporters, led by the Department of Commerce, many ministries and closely coordinated with the import of new round of stimulus is brewing. Although the person is not willing to disclose new import stimulation policy specifics, but he noted that, in the expansion of imports, the focus should be, or in the capital of the equipment we need, but be careful to avoid and we focus on the development of independent and advanced manufacturing.

This background is the sustained growth in China's trade surplus. General Administration of customs import and export data, released show that China's July trade surplus reached us $ 287, 180.6 percent, and 18 months.

Large surplus under the Department of Commerce has now indicated that the annual surplus before scale control in 1000 billion target for fear of difficult to achieve. While the trade imbalance caused by the RMB exchange rate, or will once again be placed on the desktop. This clearly attracted the attention of the relevant departments. 17 September, the Commerce Department spokesman Yao Jian in routine Conference, from the current period, owing to the resumption of exports and imports of recovery in this period there is no match, so it is necessary to further promote the development of imports, promotion of international trade, balance of payments.

18 August, the Secretary-General of the China international economic and Exchange Centre and former Vice Minister of Commerce, China's imports in "Wei Jianguo policy interpretation seminar and Shanghai import commodity Exhibition Trade Center promotion Conference" in the second half on that single trade deficit situation may still occur.

Wei Jianguo indicated that the annual surplus is expected to be in the $ 500 million-1000. In his view, the change in the Central vigorously demanded the immediate economic development approach, should increase the import, greater focus on the import policy research.

In fact, for expanded import, my Government has adopted a series of policy measures. Mainly include: reduction of import tariffs, 2010 China import tariffs overall level 9.8%, and further reduces the portion of the raw materials and final consumer goods import tariffs, launched the processing trade, domestic sales of the related policies; further implementation of the import facilitation, to further strengthen the customs clearance, inspection and quarantine, trade financing and other services; expansion of LDC zero tariff treatment; and trade promotion activities, etc.

Yao Jian previously indicated that the Department of Commerce continuously, firmly believe that the import of development for China's economic structural adjustment, the next step for China's energy conservation and environmental protection and sustainable development are important. He said that judging from the current perspective, China's export and import of recovery are not synchronized, the further expansion of imports will be conducive to promoting international trade balance in equilibrium.

China's trade surplus has two consecutive months exceeded 200 billion u.s. dollars, MINMETALS import and export Chamber of Commerce Vice President of the week before the world economy in this estimate, the Department of Commerce's annual surplus before will control in 1000 million goal will be very difficult to achieve.

Shenyin wanguo Chief macroeconomic analyst Li Hui Yong said that the current surplus of main reasons mainly due to declining imports exports decline faster than the speed. "It is expected that the import and export in the second half of the year will gradually dropped to 10%-15%, exports remained at 10%-15%, import export should be more than five percentage points lower. We expect this year's export growth of 15%, import growth of 10%. "Li Hui Yong said.

Interview of the General size of the annual surplus in 1800 billion, the Renminbi exchange rate will be under pressure. Nanfang daily reporter huangying-intern song Shuang's best

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