CHINA RELEASES GUIDELINES ON EXPANDING IMPORTS

CNC
Added On July 11, 2018

 China publicized guidelines on expanding imports for balanced foreign trade, with policy incentives detailed in several areas.

 
The guidelines were approved and released by the State Council on Monday.
According to the guidelines, China should keep exports stable while at the same time further expand imports.
 
China will optimize the structure of imports to support upgrading production and consumption, with tariff cuts in certain products and clean-up of unreasonable price mark-ups.
 
Policy incentives will be given to imports of daily consumer goods, medicine, and equipment for rehabilitation and elderly care.
 
China will optimize the layout of its international market, focusing on the expansion of imports from countries related to the Belt and Road Initiative.
 
China will also actively explore multiple channels to boost imports, including hosting the China International Import Expo.