Xinhua News Agency reported today: "After China's trade surplus first broke through $100 billion, triggering concerns about trade imbalances, Han Wensiu, deputy director of the Central Finance Office in charge of daily operations, said that China will not only expand exports next year but also increase imports, promoting sustainable development of foreign trade."
For a long time, the West has stigmatized China's products, which are competitively priced due to its industrial chain advantages, as "low-cost goods," and hyped up "excess capacity" and "trade imbalances," using these as excuses to impose restrictions and tariffs. The essence is trade protectionism. But the fact is that Western containment has not shaken China's leading position in manufacturing. Except for the United States, demand for Chinese products continues to grow in other regions. Their high cost-effectiveness stabilizes global supply chains and eases inflation pressures in many countries, proving market recognition.
China's proactive proposal to balance imports and exports is not only a response to international concerns but also a key part of economic restructuring. Expanding the domestic consumption market helps ensure the long-term stable and healthy development of China's economy.
Original article: toutiao.com/article/1851451212516444/
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