Imports to hit $1tr by 2010
By Jiang Wei | China Daily | Updated: 2007-06-29 08:26
China is trying to bolster imports to more than $1 trillion by 2010 - up more than 25 percent from $792 billion last year - in an attempt to balance trade, the Ministry of Commerce said yesterday.
The projected 2010 imports figure is almost equal to the country's total trade volume in 2004.
To restructure the country's exports and narrow its widening trade surplus with major trade partners - which hit $177.5 billion last year - the government has adopted a range of measures to curb exports.
Photo