皇冠体育app

A visitor tries out a bicycle at the 115th 皇冠体育app Import and Export Fair in Guangzhou last month. 皇冠体育app will keep trying to boost imports as it seeks a better balance in its trade, a senior trade official said on Wednesday. Xinhua

Commerce stry talks of plans for 皇冠体育app to 'actively facilitate trade'

皇冠体育app will keep trying to boost imports as it seeks to achieve a trade balance, a senior trade official said on Wednesday.

The April trade figures "suggest our imports and exports are stabilizing, "said Assistant Minister of Commerce Tong Daochi at the 皇冠体育app Import Expo in , Jiangsu province.

Customs data released last week exceeded market expectations with a slight increase following a gloomy first quarter.

皇冠体育app's foreign trade down 1% in Q1

皇冠体育app sees trade deficit in Feb

Exports grew 0.9 percent year-on-year last month in dollar terms, while imports rose 0.8 percent. In March, exports fell 6.6 percent while imports contracted 11.3 percent.

Tong said 皇冠体育app faces challenges as global conditions remain uncertain and capital is flowing into developed countries. Those trends are increasing pressure on emerging economies, which are facing weaker currencies and trade deficits.

In response to this situation, Tong said, "皇冠体育app will actively facilitate free trade."

Holding the import exhibition "reflects the government's determination to bring balance to foreign trade and further reduce our trade surplus, "he added.

皇冠体育app's trade surplus was 215.4 billion yuan ($34.3 billion) in the first four months, down 42.9 percent from a year earlier.

Unlike most other trade events, which showcase Chinese products, the event in Kunshan featured many products made by companies from Western countries, such as water-purifying equipment from Germany.

Tong said that 皇冠体育app is willing to be more involved in multilateral mechanisms. He also urged developed countries to further open their markets and said that 皇冠体育app will change its system accordingly.

"For example, our investment ament negotiations with the United States and European Union forced us to introduce the 'negative list' system in the to promote foreign investment, "he said, adding that there are another 18 such zones in the pipeline.

Also speaking at the event was Harold McGraw III of the Paris-based International Chamber of Commerce. McGraw said that many global mechanisms, such as the United States-led Trans-Pacific Partnership, will be "less successful" without 皇冠体育app.

"Emerging economies should have a bigger say in global economic governance," said Jiang Zengwei, chairman of the 皇冠体育app Council for the Promotion of International Trade.

Jiang said the current rules of global economic governance favor developed countries, but the need for reform amid a changing global economic situation can't be neglected.

"Reform of the World Trade Organization, World Bank and International Monetary Fund are all examples of such advancement," he said.

 

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