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China boosted imports by $7.8B via new trade policies and zero tariffs, expanding market access in Hainan.
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).
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.
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.
China’s contribution to global growth remains around 30%.
China impulsó las importaciones en $ 7.8B a través de nuevas políticas comerciales y aranceles cero, ampliando el acceso al mercado en Hainan.