Import surge will boost service trade
China's goal to enlarge its import volume over the next five years will stimulate services trade opportunities for developed countries as the government is offering wider market access to global companies, a senior official said on Thursday.
Vice-Minister of Commerce Wang Shouwen said the services sector has become an important driver for China's economic growth and has great significance for the next step in economic restructuring.
His comment came hours after Premier Li Keqiang told the annual Boao Forum for Asia in Hainan province that China will import more than $10 trillion worth of goods and invest $600 billion overseas in the next five years.
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