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Why will China expand imports?

Why will China expand imports?

"Domestic demand is the fundamental driving force for China’s economic development, and it is an essential requirement for us to meet the people’s growing expectation for a better life. China does not seek a trade surplus; we have a genuine desire to increase imports and achieve a better balance of international payments under the current account."

"China Will Open Even Wider" Part of the keynote speech at the opening ceremony of the Boao Forum for Asia Annual Conference 2018, April 10, 2018

Source: Xi Jinping: The Governance of China III, P230

[ Editor: Zhang Zhou ]