China Emphasizes The Diversificaiton Of Import And Export

    On the 12th, Chinese Premier Li Keqiang recently hosted a State Council executive meeting, demanding greater openness to the outside world and promoting diversified development of imports and exports. The meeting pointed out that taking enterprises as the main body and expanding the diversified international market is conducive to promoting the steady improvement of foreign trade and smooth economic operation. Further promote the facilitation of customs clearance and continue to improve the business environment at the port. Require greater efforts to openness to the outside world and promote diversified development of imports and exports

    In fact, the diversification trend of China's import and export has already appeared. According to the latest data from the General Administration of Customs, China’s exports to major trading partners such as the EU, ASEAN and Japan have increased steadily in the first five months of this year, with exports to the EU and ASEAN both exceeding 10%; trade with countries along the" One Belt and One Road" is also growing.

    Especially under the background of Sino-US trade friction, diversification has provided support for the steady development of China's foreign trade. Wang Xiaosong, a researcher at the National Development and Strategy Institute of Renmin University of China, told the China News Service that since this year, China’s exports to the EU have exceeded the proportion of exports to the United States, and the overall export situation has been stable, which means that Chinese exporters have opened up wider markets. Export diversification strategy is gradually implemented.

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