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flag China boosted imports by $7.8B via new trade policies and zero tariffs, expanding market access in Hainan.

flag China is expanding imports through initiatives like "Export to China" and a zero-tariff policy for least-developed countries with diplomatic ties, effective since December 1, 2024, boosting imports by over 55 billion yuan ($7.8 billion). flag The government is also launching special customs operations in Hainan Free Trade Port on December 18, increasing zero-tariff product coverage from 21% to 74% and opening tourism, services, and high-tech sectors. flag Officials emphasize multilateral trade and global economic stability, with UNCTAD praising China’s support for vulnerable economies and calling for cooperation on green minerals and capacity building. flag China’s contribution to global growth remains around 30%.

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