China to `Aggressively' Expand Imports, Ministry Says

China will use tax breaks and financial measures to “aggressively” expand imports, the Ministry of Commerce said in a statement on its website, citing Chong Quan, deputy trade representative.

China will encourage imports from its main trade surplus partners and import resources, advanced technologies and key equipment.

Chong expects China’s domestic market to be about $2 trillion in size this year, according to the statement. This compares to goods imports of about $1 trillion in 2009, he said.

--Jing Jin. Editor: Gregory Turk

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