Indian media: China's economy will aim to moderately expand imports and achieve a balance between imports and exports
Time:2020-11-25 03:55

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A drone shot of the Qingdao Port Qianwan Automated Container Terminal. Photo by Xinhua News Agency reporter Li Ziheng

  International online special article: The Hindustan Times published a report on November 15 local time to focus on China's import and export trade. The report quoted the views expressed by Huang Qifan, vice chairman of the China Center for International Economic Exchanges, at a summit in Beijing, saying that China's economy will no longer aim at a surplus, but with a moderate expansion of imports and a balance between imports and exports.

   It was reported that in early November, Chinese senior officials stated that China is expected to import goods worth more than US$22 trillion in the next 10 years. Despite the impact of the new crown pneumonia epidemic, China will continue to open up faster.

   reported that in today’s world, large importing countries are generally economically powerful, and the foreign exchange needed for imports may come from surpluses in technology, services, etc., or it may become the world currency because the currency is included in the SDR, thereby directly using domestic currency for settlement with countries.

   The report believes that this development goal of the Chinese economy in terms of import and export will not only help China take the initiative in the new round of economic and trade negotiations, but also help promote the internationalization of the RMB. (Ma Jiaxin)

Source: Central Radio and Television International Online

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