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Investment and trade fair to include import section
POSTED: 10:04 a.m. EDT, July 19,2007

The China International Fair for Investment and Trade (CIFIT), an event famous for its role in investment promotion, will open an import section for the first time this autumn.

"It's a move to balance China's imports with exports," said Ye Shuangyu, vice-governor of East China's Fujian Province. "(With the import section), we will help to introduce and boost good-quality foreign goods to tap the Chinese market."

The organizing committee of CIFIT has invited countries, including Thailand and Turkey, to the import section, encouraging them to showcase their products with national features to Chinese consumers.

China's trade surplus for the first half of the year stood at $112.5 billion, up 84 percent from a year earlier.

In a move to narrow the country's rising trade surplus, the Chinese government is sparing no effort in promoting its imports from major trade partners while capping its exports, in particular in high-polluting and resource-intensive products.

In April, the country's largest trading event, Canton Fair, also added an import section for the first time. More trade exhibitions are expected to include import sections, according to the Ministry of Commerce.

From: chinadaily
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