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China will further upgrade its trade
structure in the next five years to gradually
shift from a quantity-intensive growth pattern
to quality-intensive pattern.
The move targets at changing the imbalance of
exporting labor-intensive products and importing
high-value-added equipment and energy resources,
said Mu Xinsheng, commissioner with China's General
Administration of Customs.
China is still facing an imbalance in its trade
structure, with a high proportion of labor-intensive
products and low proportion of technology-intensive
products in exports, the official said in an interview
with the Economic Daily.
Great progress has been achieved in China's trade
structure adjustment, with the proportion of high-tech
product exports increasing 4.9 times in 2005,
accounting for 31.7 percent of China's total processing
trade.
To achieve the target of 2.3 trillion U.S. dollars
total trade volume in 2010, the customs should
give priority to further upgrading the trade structure
so as to export more high-tech products in the
next five years, Mu said.
In addition, the customs will further improve
its import and export supervision system, tighten
its fight against intellectual property rights
(IPR) infringement and smuggling cases in the
next five years, in a bid to create a better trade
environment in China.
(Source: Xinhua)
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