Latest News:  
Beijing   Sunny/Overcast    9 / 1   City Forecast

People's Daily Online>>China Business

Putting more emphasis on imports

By Diao Ying  (China Daily)

16:54, November 22, 2011

Swedish cookies on the shelves at a supermarket in Nanjing, capital of East China's Jiangsu province.(Photo/China Daily)

China changes its economic policy as world changes gear

BEIJING - For Chinese travelers abroad, shopping for gifts can be a headache. Souvenirs from New York, London or Cairo may look exotic at first, but a closer examination will find most of them are labeled "Made in China".

Joining the World Trade Organization has transformed China from a closed economy into the world's factory. Cheap products from China make daily necessities much more affordable for people worldwide. By buying products from China, people in the United States saved $600 billion over the past decade, and each household in the European Union could save 300 euros a year, Chinese Premier Wen Jiabao said recently. It also benefited China itself: The manufacturing sector in the southeast of the country flourished, providing jobs for millions of people.

【1】 【2】 【3】

We Recommend


Leave your comment0 comments

  1. Name


Selections for you

  1. Japan's next-generation main fighters

  2. Eye catching modified car

  3. Reporting this 'chameleon city'

  4. Volvo vehicles to be made in China

Most Popular


  1. Return to reason for real estate
  2. A reality check for Washington
  3. Improving education quality in rural areas
  4. Further healthcare reform
  5. Cyber cooperation needed
  6. Asia has no time for games with US
  7. Japanese drills should raise red flags for China
  8. Money culture pulls well-off teens into sex trade
  9. US scaremongering
  10. Asians no longer go under the knife to look 'white'

What's happening in China

Putting more emphasis on imports

  1. People punished for spreading AIDS rumor online
  2. Wild Siberian tiger found in Heilongjiang
  3. National school bus standards seem impractical
  4. J&J China to phase out toxic chemicals
  5. China's preferred donor standard: Cardiac death

PD Online Data

  1. The lion dance in Guangzhou
  2. The flower fair in Guangzhou
  3. Lion dances pay New Year calls in Guilin
  4. Jiangsu´s special New Year traditions
  5. Hakka traditions in Spring Festival