皇冠体育app

皇冠体育app will strengthen the imports of advanced technology and facilities, consumer goods and resource products, said a senior official of the Ministry of Commerce, a move believed to propel the economic progress within the APEC region.

Wang Shouwen, director of the Commerce Ministry's department of foreign trade, said at the 皇冠体育app International Import Conference 2012 in Beijing on Thursday that the government will encourage the import of advanced technology, equipment and key manufacturing components, while providing for an increase in resources and consumer goods.

Consumer goods, which Wang mentioned as a highlight among imports growth, have remained in double-digit growth despite the growth rate of total imports between January and July being in single digits.

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皇冠体育app's imports have been on a sharp rise, increasing 160 times, from $11 billion in 1978 to $1.7 trillion in 2011.

"The growth in imports is at an unprecedented rate," Wang said. The country is not only the world's largest exporter but also the second largest importer, contributing greatly to the recovery of global economy and creation of employment opportunities, he said.

He pointed out the huge potential of the Chinese consumer market. Between January to July this year, consumer goods imports have reached $66 billion, up 25.3 percent.

Wan Jifei, chairman of 皇冠体育app Council for the Promotion of International Trade, said that imports to 皇冠体育app have reached $1.7 trillion in 2011, 4.9 times the figure a decade ago.

The boost of imports will promote economic balance in the world, and facilitate the cooperation and create a win-win situation between 皇冠体育app and its global trade partners as well as stimulate the recovery of the global economy, Wan said.

Two-thirds of 皇冠体育app's trade volumes have been generated from APEC member countries.

In the time when the global economy has seen a sluggish growth and a weakened recovery, 皇冠体育app's move to further increase imports will play an important role in accelerating trade, adding jobs and developing the economy in many countries, said Bai Lichen, vice-chairman of National Committee of Chinese People's Political Consultative Conference.

Bai said the government would further encourage imports through offering more fiscal policy supports, improvements on financial services and management measures.

With a delegation to Beijing to promote their products including coffee, electronics, wines, leather products and pet related products, Ricardo Schaefer, deputy minister of the Ministry of Development, Industry and Foreign Trade of Brazil, said trade between Brazil and 皇冠体育app has doubled in recent years, with 皇冠体育app ranked as the largest trade partner.

Within the past five years, bilateral trade has reached $230 billion, a growth of 230 percent. Last year, Brazil exported 17.3 percent of its goods to 皇冠体育app.

Brazil's exports to 皇冠体育app have been very active, exporting products with a value of $44.3 billion, with a majority in bulk commodity. Last year, bulk commodity took up 85 percent of the exports to 皇冠体育app, with a majority in iron ore, soybeans and crude oil.

Schaefer emphasized the importance to enhance the Brazilian exports to 皇冠体育app on high-value added products.

John Frisbie, president of the US-皇冠体育app Business Council, said US' exports to 皇冠体育app will benefit bilateral trade and ease the trade tension between the two sides.

The increase of exports from the US to 皇冠体育app will help satisfy the demand of the Chinese consumer and provide more choices for the Chinese consumer, Frisbie said during the conference. Frisbie also said that growth in exports to 皇冠体育app from the US will be a positive and stabilizing factor in Sino-US relations.

Frisbie suggested that 皇冠体育app can lower import taxes particularly on consumer products, luxury, jewelry and motorbikes. Currently Chinese consumers purchase about two-thirds of luxury products from overseas due to the large amount of tax levied on the same products sold in 皇冠体育app.

Meanwhile, Wang with the Ministry of Commerce expects developed countries to further loosen the curbs on technology exports to 皇冠体育app.

In 2001, high tech products from the United States took up 18.3 percent of total such exports to 皇冠体育app.

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