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China to increase high-quality imports as economy recovers, vice premier says

Published 03/21/2021, 07:52 AM
Updated 03/21/2021, 01:15 PM
© Reuters. Delivery worker wearing a face mask walks past an office and commercial complex in Beijing's Central Business District (CBD)

BEIJING (Reuters) - China will step up imports of high-quality foreign goods and services as the economy makes a steady recovery, vice premier Han Zheng said on Sunday.

The world's No.2 economy, will strengthen macro policy coordination with other countries, Han told the China Development Forum, a high-level business gathering hosted by the Development Research Centre of the State Council.

"Since the start of this year, China's economic operations have continued a steady recovery trend," Han said.

"We will adjust and improve import tax policies, increase imports of high-quality products and imports of services," he said without giving further details.

China's economy expanded 2.3% last year, making it the only major economy to report growth, although the growth was its weakest in 44 years.

Its economy is widely predicted to expand by more than 8% in 2021, led by an expected double-digit rise in the first quarter, but analysts and officials say the recovery remains uneven.

Also at the forum, He Lifeng, head of the National Development and Reform Commission, the state planner, said the foundation of China's economic recovery was not solid, citing global economic uncertainties and domestic economic imbalances.

He said China would continue to provide financial relief for some companies and avoid an abrupt change in policy.

The central bank is trying to cool credit growth to help contain debt risks, but is treading warily to avoid hurting the economic recovery, which remains uneven as consumption lags and small firms struggle, policy insiders said.

Latest comments

As china continues to threaten to attack taiwan and the phillipines rest assured china is also hacking and stealing as much information from the world as we can. Please be comforted knowing that while the communist country wont the chinese people think for themselves and innovate well provide you with some of the information we determines isnt a threat to our egos, but you must submit to our absolute authority or we will put you in labor camps.
Tell me about guantanamo Bay detention camp? Mr president
China has overtaken the weak USA
communism works
chinese goverment
Sadly because the chinese government is so scared of their people thinking for themselves or gaining popularity they have stifled innovation throughout all of their history. Because of their dear leaders fear their people will be stuck hacking and copying the west and going to western universities to learn for all eternity.
Chinas problem is and always will be how scared their ancient leaders are of letting their people think for themselves. Heaven forbid they criticise anything their government does. Jack Ma is lucky he was as known as he is. Anyone else would be in a labor camp.
"China will step up imports of high-quality foreign goods..." Of course! Nothing but the best for the Politburo.
Investors would be smart to just stay clear of china. With their continued aggression like trying to hack everyone so they can learn, threatening to attack the people of taiwan and the phillipines, its best to just let them assemble out toys but not invest in their tax base.
Correct.  Remember: every enterprise inside the country exists on a "Who you know, not what you know" basis.
what many don't understand, is China only built ******** because that's exactly what western business hired them to produce. they've always been capable of producing high quality. in fact, the invented capitalism and mass production of interchangeable cast parts a couple thousand years ago. and, they don't have incessant political division thwarting progress.
"...they don't have incessant political division..." Well, you're sure right about that part at least!
Increst? Thats all the chinese political party is lol. No one who doesnt love their dear leader and commit to being his worshipper is safe. Look at jack ma. The one time he critised their poor sensitive leader couldnt handle it.
9,000,000+ People die yearly from just air pollution. ( fun fact )
Thanks for these wonderful news.  We are so happy to know it!
How can you believe what ccp says??
dun buy If u dun believe . simple ?
dun buy If u dun believe . simple
safeer40
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