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People's Daily Online>>China Business

China to be world's largest importer in 2020

(China Daily)

16:59, December 19, 2011

Edited and Translated by Han Shasha, People's Daily Online

Chen Deming, head of China's Ministry of Commerce, said recently at the eighth WTO Ministerial Conference that China will become world's largest importer in 2020 due to its expanding market.

Chen said that China will make efforts to participate into and actively promote the negotiations on the Government Procurement Agreement (GPA). In early December of this year, China submitted a third bid program, which covers both the central government entities and the local entities.

Although the threshold of making the negotiation has been raised by the participants with a speed higher than that of China's growth, China still resolves to get the accession and will continue negotiating with the GPA members.

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