SHANGHAI :
Increase in China's Imports Promotes Global Trade Recovery, Commerce Ministry Says
Xu Wei
DATE:  Sep 29 2017
/ SOURCE:  Yicai
Increase in China's Imports Promotes Global Trade Recovery, Commerce Ministry Says Increase in China's Imports Promotes Global Trade Recovery, Commerce Ministry Says

(Yicai Global) Sept. 29 -- China's imports last year were worth USD581.5 billion more than those from the year the global financial crisis broke out, and they made up nearly 20 percent of the global increase, Ministry of Commerce spokesman Gao Feng said at a press conference yesterday.

China has become one of the biggest markets in the world and plays an important role in prompting global trade recovery, accounting for about 10 percent of imports worldwide, Gao said. Chinese exports as a percentage of global exports grew from 10.4 percent in 2011 to 13.2 percent last year, he said.

Exports to countries along the Belt and Road route accounted for 27.7 percent of China's exports last year, up 3.8 percentage points from 2011, said Gao. Exports to developing economies and emerging markets made up 45.6 percent, up 3.1 percentage points from 2011, he said.

China will continue to expand imports, promote balanced development of trade, successfully host the 2018 China International Import Expo and properly address trade friction, Gao said.

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Keywords:   Data,Import,Export