China's imports totaled 10.74 trillion yuan in 1H, the first time imports in the
period exceeded 10 trillion, up 22.1% YoY and outpacing export growth by 8.7
percentage points, Customs deputy head Wang Jun said. Import growth contributed
more to foreign-trade expansion and helped rebalance trade. China has been the
world's second-largest import market for 17 consecutive years, with average
annual import growth of 5.1% and its share of global imports rising from 7.9% to
about 10%. Customs said actively expanding imports is a necessary policy;
Beijing has implemented zero-tariff measures covering 63 countries and hosted
international import, consumer and supply-chain expos. Imports from more than
150 countries and regions rose in 1H.
