China's Imports will Increase Dramatically in 5 years

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China's imports have been increased recently, while growth of exports has been continued modertate.

This trend reflected China's economic policy which has been focusing on expanding China's domestic demand and Chinese President Hu Jintao announced that China's total imports would exceed $ 8 trillion in five years last Friday, according to the Bloomberg Businessweek.

In addition, Hu emphasized that there should be less restriction between The U.S. and China trade to ease the trade imbalance, according to the Bloomberg Businessweek.

China's imports rose 28.7 percent in October, compared with a year ago, while the growth of export was moderate which was rising 15.9 percent from a year ago, according to the New York Times.

Zhang Yansheng, director of the Institute for International Economics Researche of the National Development and Reform Commission told to the New York Times that the moderation in economic growth reflected the risk of trad-protection measures in Europe and the United States.

China's exports to Europe decreased 7.5 percent from 9.8 percent in September and exports to the United States increased 11 percent from 10 percent in previous few months, accoridng to the New York Times.

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This page contains a single entry by leex5469 published on November 13, 2011 6:02 PM.

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