U.S. Treasury Secretary Timothy Geithner before the U.S. Congress on the currency issue in the hearing acknowledged that China’s rapid economic growth and the growth of Chinese imports, the world has made great contributions to economic recovery. Forum 2010, China’s imports from the news also shows that 9 years of WTO accession, China has imported an annual increase of the scale are close to or more than one hundred billion U.S. dollars, China’s import trade in the world, the share of imports is also about 1% of the rise in the past 8% by 2009. China is not only the world’s largest exporter, has become the world’s second largest importer.

In recent years, the Chinese government always attached importance to transformation of foreign trade development mode, and promote the balanced development of foreign trade, actively expand import, market opening in the breadth and depth continues to increase. At present, China’s import tariff level has dropped to 9.8%, well below the developing countries, the average tariff level of 46.6%. July 1, China has step by step to give the least developed countries zero-tariff treatment, trade facilitation measures to accelerate, as the countries to further expand exports to China create the conditions.

Practice shows that for China to expand imports, not only to promote their own economic development, to meet the domestic demand for residents of the growing material consumption, the more the world has brought a huge market opportunity. The international financial crisis, the Chinese government implemented a package to stimulate the economy, domestic investment and consumption continues to grow rapidly, driven by strong import demand. In the crisis raging in 2009, Australia, Brazil, South Africa, many countries are still 20% increase in exports to China more than China has become one of Japan, Australia, Brazil, South Africa’s largest export market. U.S. data show that since 2010, U.S. merchandise exports to China more than 36% over the same period in 2009, more than 2008 high of 16%; contrast, the United States to the rest of the world merchandise exports than in 2008 low level of 8% over the same period.

China’s major trading partners with many different stages of development, each with different comparative advantages, which both parties to achieve mutual benefits for trade, balanced development of the basic conditions. Forum on Chinese imports in 2010, representatives of the Ministry of Commerce said that China will optimize our import mix and promoting imports to facilitate and improve the promotion system of three 8 measures taken to continue to encourage the expansion of imports, promote trade balance.

However, in China continues to open up the domestic market, some countries have man-made barriers on exports of domestic enterprises in China to make all kinds of restrictions. For example, high-tech exports to China because the United States in terms of restrictions in 2001, accounting for U.S. products but also high-tech products for 18.3% of total imports, but by 2008 had fallen to 7%. Adhere to the export control policies, not only can not solve the so-called trade imbalance, but also damage the interests of local residents and businesses. It is estimated that in the high-tech products for export restrictions to China, nearly 10 years on the U.S. companies billions of dollars in lost trade.

Establish an open, smooth two-way trade channel is the right path to achieve balanced development of trade. Haze in the international financial crisis has not completely dissipated, the world economy to pick up the key stabilizing period, the Chinese Government is actively promoting open markets, expand imports, and promote trade balance, reflecting the true nature of a responsible power. Only countries in the world work together to oppose trade protectionism, in order to overcome difficulties, promote the sustained and stable development of world trade.

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