Xinhua
03 Apr 2026, 20:46 GMT+10
BEIJING, April 3 (Xinhua) -- China has sent fresh signals of promoting more balanced development of imports and exports to optimize its trade structure and pursue high-quality growth.
A recent commentary article in the Qiushi Journal, a flagship magazine of the Communist Party of China (CPC) Central Committee, called for concrete steps to balance import and export growth.
"This is not only an inevitable requirement for expanding high-standard opening up, but also an important measure for achieving high-quality development and meeting the people's aspiration for a better life," the article said.
Promoting balanced import-export development is a key policy priority for the next five years, according to the outline of the 15th Five-Year Plan (2026-2030).
In recent years, policymakers have rolled out major initiatives to expand imports and promote balanced trade. These include lowering China's average tariff rate to 7.3 percent, close to developed-country levels, and leveraging major exhibitions such as the China International Import Expo (CIIE) to create important platforms for two-way opening up.
In 2025, China's imports reached 18.48 trillion yuan (about 2.68 trillion U.S. dollars), making the country the world's second-largest importer for the 17th consecutive year.
Still, some Western politicians have fixated on China's goods trade surplus, often portraying it as a deliberate move and weaponizing it as an excuse for trade friction. The Qiushi article emphasized that the trade surplus is not driven by policy.
The expanded trade surplus in recent years is the result of multiple factors, including stronger supply chains, improved manufacturing competitiveness and vigorous innovation, the article said.
"Promoting balanced development of trade is a strategic adjustment proactively made by the CPC Central Committee in response to the changing landscape of China's economic development," the article read.
Since joining the World Trade Organization, China has deeply integrated into the multilateral trading system and global value chains, steadily expanding exports and emerging as the world's largest exporter. This has not only driven industrial upgrading and economic growth but has also provided the world with a vast array of quality, low-cost products.
Yet a larger export scale is not always better. "Blindly chasing export expansion and trade surpluses carries potential risks to economic development that cannot be overlooked," the article said.
The inherent characteristics of China's large economy mean that the country can no longer rely on an export-oriented model from its earlier catch-up phase, the article said. Trade balance is an inevitability, not a choice.
Domestically, excessive allocation of resources and factors of production toward the export sector will, to some extent, crowd out industrial development related to domestic demand. Internationally, the larger the share of exports in an economy, the more exposed it becomes to fluctuations in global markets. A prolonged trade surplus can also make the economy a target for protectionist measures.
The Qiushi article further clarified that promoting balanced development of imports and exports does not mean pursuing a statistical balance, but rather focusing on capability enhancement.
It does not mean giving up "selling global," but rather fostering synergy between buying and selling. Nor does it mean cutting exports; instead, it means moderately reducing the trade surplus by expanding imports and optimizing the structure.
The article also suggested concrete moves to push for balanced trade, including optimizing the country's export structure while expanding imports of advanced tech, key equipment, energy and resources, and quality consumer goods. It also called for efforts to better link domestic and foreign markets and steadily broaden institutional opening up to align with high-standard international rules.
In Yiwu, east China's Zhejiang Province, a city dubbed the world's supermarket for its exceptional manufacturing prowess, the trend of more balanced trade is already evident.
According to the latest data from local customs, Yiwu's exports grew 52.9 percent during the first two months of 2026, while imports jumped 52.6 percent, signaling a robust two-way momentum.
Official data showed that China's foreign trade got off to a strong start in the first two months of this year, with total goods trade rising 18.3 percent year on year to 7.73 trillion yuan. Both export and import growth rebounded sharply from a year earlier, with the acceleration in import growth even stronger than that in export.
"China is the world's second-largest economy and second-largest import market. As industrial upgrading and living standards continue to improve, new market demand is being steadily unleashed, leaving huge potential for imports," said He Yongqian, a spokesperson with the Ministry of Commerce.
China's market potential remains untapped, said Minister of Commerce Wang Wentao, adding that the country will bring in more agricultural goods, quality consumer products, advanced technology equipment and key components. Meanwhile, platforms like the CIIE will be fully used to expand import channels, he said.
"Exports and imports are like two wheels of a vehicle. The more balanced they are, the smoother and farther it goes," Wang said.
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