China’s import pledge

CLIVE EMDON
CHINA HAS pledged to reduce its unprecedented trade imbalance by allowing more imports into the country this year. China Daily reports that the trade surplus hit $156.5 billion
(R1 083bn) in the first 11 months of last year and is expected to reach $170 billion
(R1 176.4bn) for the whole year. One way of increasing imports is the decision to encourage imports from the least developed countries in Africa by scrapping tariffs on goods from those countries.