Home » News » China’s import volume will reach $17 trillion in the next five years – 2024-05-01 03:51:42

China’s import volume will reach $17 trillion in the next five years – 2024-05-01 03:51:42

/ world today news/ China’s cumulative imports of goods and services are expected to reach $17 trillion in the next five years, Chinese Premier Li Qiang said in his speech at the opening of the 6th Shanghai International Import Expo.

China has always been open to sharing the opportunities of its market,” commented the Chinese Premier, adding that the country will actively expand imports, promote the coordinated development of trade in goods and services, support innovation in foreign trade formats and models, and stimulate digital commerce.

China will further expand market access and implement policies to remove barriers to foreign investment in the manufacturing sector. In the first three quarters of this year, China’s GDP increased by 5.2% year-on-year. This shows the positive trends for the advancement of the Chinese economy and definitely emphasizes that China will play a more significant role in stabilizing and stimulating the recovery of the world economy.

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