China to add more items to tariff reduction catalog to boost imports: MOC official

China will add some-more equipment to the preferential technologies as well as products import catalog to boost mechanical as well as electrical products imports, a Ministry of Commerce (MOC) official pronounced Wednesday.

Emerging industries as well as traditional equipment manufacturing will be enclosed in a price tag rebate catalog, Zhang Ji, a MOC's Industry Department chief, pronounced during a inhabitant business work conference.

Zhang pronounced an active import process will help prove Chinese demand for production factors as a country transforms the economic development mode as well as updates the industrial structure.

He pronounced three beliefs - including marketplace mechanisms as well as process guidance - will be followed to promote imports of mechanical as well as electrical products.

The method will work to enlarge imports of advanced technologies, equipment as well as components whilst promoting imports for production enterprises during a 12th Five-year program duration (2011-2015), Zhang said.

The pierce will diminution China's trade surplus, he added.

Source: Xinhua

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