More imports to reduce surplus
28 November 2005
With a trade surplus up 801% in the first half a year-on-year to US$67.3 billion, the State Administration of Foreign Exchange (SAFE) said China would try to increase imports of strategically important raw materials, resources as well as advanced technologies and equipment to help right the balance, state media reported. SAFE, China's foreign exchange regulator, said it expected to continue to witness a "sizeable" surplus in its international payments during the second half of this year, increasing its foreign exchange reserves even higher.
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