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China Aims to Boost Imports Amid Export Decline

3/6/2026

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Story summary
  • China's Commerce Minister Wang Wentao announced on March 6, 2026, plans to boost imports of agricultural products, consumer goods, and advanced technology.
  • The initiative aims to balance imports and exports and leverage China's large domestic market.
  • The government will use the China International Import Expo to facilitate imports.
  • Despite a 19.5% decline in exports to the United States in 2025, China’s overall exports rose 6.1% in renminbi terms.