China to import goods worth $10 trillion in 5 years

Imported soybeans are offloaded in Nantong Port, Jiangsu province. [Photo provided to China Daily]

BOAO, Hainan — China will import more than $10 trillion of goods in the coming five years, marking continued opportunities brought to the world, Chinese President Xi Jinping said on Saturday.

“Chinese economy will continue to bring more opportunities of trade, growth, investment and cooperation for other countries in Asia and beyond,” Xi said while delivering a keynote speech at the opening plenary of the annual conference of the 2015 Boao Forum for Asia (BFA) in Boao, south China’s Hainan Province.

In the coming five years, Chinese investment abroad will exceed $500 billion, and more than 500 million outbound visits will be made by Chinese tourists, according to the speech.

“China will stick to its basic state policy of opening up, improve its investment climate, and protect the lawful rights and interests of investors,” Xi said.

Xi noted that the people of Asian countries could drive this train of Asia’s development to take Asia to an even brighter future.

Under the theme of “Asia’s New Future: Towards a Community of Common Destiny”, the forum from Thursday to Sunday will span issues such as the China-proposed “Belt and Road” initiatives to Asia’s economic integration.

 

Source: China Daily.com.cn (Xinhua)Updated: 20150328 11:33

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