China to push exports recovery, promote trade balance

08:03, December 08, 2009      

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The Chinese government will push recovery of its exports and promote balanced international trade as one of its major tasks next year, the country's senior policymakers agreed at the annual key economic conference on Monday.

The government would maintain the "continuity" and "stability" of its foreign demand policy, diversify its market strategies, tap into new markets while maintaining old ones in order to promote export growth, they agreed, according to a statement released from the conference.

They would improve the quality and added value of its exports, strictly control exports of resources-intensive and highly polluting and energy-consuming products, the statement said.

Meanwhile, China would increase imports in order to promote trade balance.

The meeting participants also agreed to facilitate foreign investment in promoting scientific and technological innovation, industrial upgrading, and coordinated development among regions, of which the less-developed central and western regions were expected to see increasing foreign investment.

The government would also encourage domestic companies to invest overseas and expand their business.

The Central Economic Work Conference, which meets annually, comprises policy-making officials from the central government and its departments as well as provincial-level governments.

Source: Xinhua
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