The spokesman for the Ministry of Trade of China, Chen Deming, here on Saturday, said China`s foreign trade grew slowly during 2012, which prevented the targeted foreign trade value of 10 percent being reached.
Chen also said the government will restructure current foreign trade policies, including those related to available export credits, in an attempt to stabilize the growth of China`s foreign trade.
"For imports, China will focus on several commodities, such as energy, raw materials, engineering equipment, and major components," he stated.
He further said that foreign direct investment in China, through the end of 2012, will reach US$110 billion, a decrease of about US$116,01 billion compared to the previous year.
"Meanwhile, China`s total foreign investment in the non-financial sector reached US$70 billion," he noted.
Chen added that in the coming years China will focus its foreign investment in the central and western parts of the country.
He noted that the government will also encourage Chinese investors abroad to adjust their capital expenditures to the development of global major industries.
(Y012/KR-BSR/O001)
Editor: Jafar M Sidik
Copyright © ANTARA 2012
