Chart of the Day: China Can Nearly Meet Xi’s Import Target Without Doing Anything
In his speech at the first China International Import Expo on Monday, President Xi Jinping declared (link in Chinese) that China will import more than $30 trillion worth of goods and $10 trillion worth of services in the next 15 years as part of its commitment to support economic globalization and promote free trade.
Xi’s promises go further than the target (link in Chinese) mentioned two days earlier by Commerce Vice Minister Wang Bingnan. Wang pledged that China will import $24 trillion worth of goods in the next 15 years.
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