January 23, 2025 09:23 GMT
MNI BRIEF: China To Remain Second Largest Import Market
MNI (BEIJING) - China is set to remain the world's second largest import market in 2025 for the 16th year running, following last year's 2.3% growth, according to He Yadong, Ministry of Commerce Spokesperson on Thursday.
Regarding trade issues with the United States, He said China hoped both sides can promote the stable China-U.S. economic and trade relations.
China has already factored in a further 10% hike in U.S. tariffs, so any countermeasures may depend on negotiations given that it could maintain its export volumes by boosting sales via regional trading blocs, a policy advisor to the Ministry of Commerce told MNI. (See MNI INTERVIEW: China Preps For U.S. Tariffs, 10% Manageable)
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