Ministry of Commerce Says China Will Relax Import Supervision

The new representative of the Ministry of Commerce’s new international trade negotiations, Chong Quan, said at the “2010 China Import Forum” on September 6th that China will encourage imports from countries that currently have a trade deficit with China and take steps to gradually increase imports and improve the balance of imports and exports. .

Chong Quan pointed out that in order to achieve the above goals, it will adopt measures such as relaxing import supervision, reducing import costs, and simplifying the import financing of domestic enterprises.

Chong Quan also stated that China’s import trade of goods rose from US$10.9 billion in 1978 to US$1 trillion in 2009, an increase of 92 times. In the nine years since its accession to the WTO, China's new import volume has approached or exceeded 100 billion US dollars each year.