China plan to expand importing doubly by 2015

Since China join in the World Trade Organization (WTO) ten years ago, Chinese international trade(including exporting and importing) has a huge development.

The Chinese Minister of Commerce ChenDeming offers a list of figures as below:

Chen said  Chinese average duty rate has been lower down from 15.3% to current level of 9.8%.And meanwhile,imports have increased by 4.7 times and exports by 4.9 and this is a win-win development.

Chinese importing has grew sharp;y from 2001 to 2010, and has been the worlds’s second-largest importer in 2010. The 2010 total importing rate is over USD1.4 trillion which covers about 10% of the global. According to the statistics from the Customs, Chinese imports from 2010 grew to USD 1.3 trillion which is a rise of 38.7% from a year earlier.

And Mr Chen has pledged that China will be further open for its import and market and give a more optimistic esitmation that Chinese import value will increase one time by the end of 2015.

In the future, Chinese importing will pay more attention to the lines of new energy,  energy saving,low-carbon technology, new materials, aerospace, shipbuilding and rail transportatio,high-end equipment manufacturing, etc.

China has lowed down the custom import tariff of some electonic goods from 20% to 10%, the goods mainly include laptops and digital cameras.

China will encourage Chinese companies to invest overseas but without giving a specific investment plan. China’s overseas investment soared to $60 billion in 2010 from around $1 billion 10 years ago.

Chen also said China has seeked a doubling of US exports to China, amounting to $200 billion by 2015.

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