National Bureau of Statistics: Three factors drive the relatively rapid growth of imports this year.
On September 15, Fu Linghui, spokesperson for the National Bureau of Statistics, chief economist, and director of the Department of Comprehensive Statistics of the National Economy, said at a press conference held by the State Council Information Office that three factors are driving the relatively rapid growth of imports. First, the impetus from global industrial and technological innovation. As a major global manufacturing country, China occupies an important position in global industrial and supply chains. In the process of globalized production, China's demand for upstream raw materials and intermediate goods is expanding, which will inevitably drive an increase in imports. Second, the boost from expanding domestic market demand. Since the beginning of this year, China's economy has been operating generally steadily, market demand for industrial production is still expanding, and industrial production has also maintained relatively rapid growth. Third, the impact of proactively expanding imports. China has orderly expanded voluntary opening-up and unilateral opening-up, and hosted international exhibitions such as the China International Import Expo, the China International Consumer Products Expo, and the China International Supply Chain Expo, creating favorable conditions for high-quality global goods to enter China.
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