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China to boost imports to balance trade

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China has promised to increase imports, and cut import tariffs on some products in order to promote balanced trade. This will contribute to its effort to push forward a new pattern of a more open society.

The country will expand free trade zone pilot areas and guide foreign investors to operate in the country in an efficient way, according to a statement released after the Central Economic Work Conference in December.

China will produce a list which determines where foreign participation is prohibited or limited,
but this negative list will become shorter and shorter. China will also improve laws and regulations and enhance protection of intellectual property.