Mofcom says China will stabilize import promotion policy

China's foreign Trade Situation Report (Spring 2010), released today by the Ministry of Commerce, said that commodity prices in the international market may continue to present this year, and that in 2010 China will stabilize its import promotion policy. The report argues that the development of China's foreign trade still faces many uncertainties.　　With a severe liquidity glut, a rebound in the world economy and rising inflation expectations, commodity prices in the international market may continue to present a trend and, to some extent, curb the import of enterprises.　　At the same time, the developed countries such as US and Europe still implement unreasonable export control measures, which directly restrict the import of Chinese enterprises and affect the improvement of bilateral trade balance. Mofcom will stabilize import promotion policy. This year China will be pulling energy resources, technology and equipment, intermediate products and consumer goods imports.　　We should continue to implement all the policies and measures needed to stabilize the foreign enterprises and help them solve the practical difficulties in time, support the enterprises to consolidate the traditional market, actively explore the emerging markets and maintain the good momentum of export recovery. The Ministry of Commerce also said that this year will urge the countries concerned to remove unreasonable export controls, to guide enterprises to increase reasonable imports.　　Take advantage of the favorable opportunity of the current foreign trade rebound, adjust and optimize the import and export structure, promote the transformation of foreign trade, upgrade and development mode, and strive to achieve good and rapid development of foreign trade. The Commerce Department said the world economy is expected to continue to recover, but the foundation of the recovery is not stable, non-performing assets in the short term can not digest.　　Macro-policies in various countries face many constraints on timing and strength, and the risk of asset price bubbles in emerging market countries intensifies. The Ministry of Commerce also pointed out that the international market demand rebound, but insufficient momentum, protectionism intensified. In the first quarter of this year, China suffered a trade relief survey of 19, the amount of money involved 1.19 billion U.S. dollars, an increase of 93.5%.　　The technology trade barriers associated with the low-carbon economy tend to increase. In addition, according to the data disclosed in 2009, ASEAN has replaced Japan as China's third largest export market. Among the major trading partners, trade with Australia, ASEAN and the United States has risen slightly, with a slight decline in the share of trade with the EU and Russia.　　Of the top ten import trading partners, imports from Australia remained growing. Among the top three trading partners, China exported 236.28 billion U.S. dollars to the European Union in 2009, down 19.4% from the previous year, 127.8 billion dollars from the European Union and 3.6% per cent, and 220.82 billion U.S. exports to the United States, down 12.5%, and 77.44 billion dollars from the US, down 4.8% , exports 97.91 billion U.S. dollars to Japan, down 15.7%, from Japan imports 130.94 billion U.S. dollars, down 13.1%.