Kommersant: China is reducing its dependence on imports, but not on exports

The authorities of the People’s Republic of China have managed to increase the independence of their own economic system, say analysts from the Federal Reserve System of the United States of America. Despite this fact, although the country does not rely so much on imported goods, it is extremely important for it to sell its own products to other countries.

Attention is drawn to the fact that over the five-year period it was exports that increased much more powerfully. The emergence of various problems in geopolitics influenced what was happening, reducing the overall amount of funds invested in Beijing.

From the information presented, it turned out that local authorities tried to change the way they grow by targeting their own market. This leads to the state relying on the import of technology. The United States simply cannot stop interaction with China in the global sphere. Details about this distributes Kommersant newspaper.

It is emphasized that Beijing set its sights on increasing “self-sufficiency” six years earlier, when it faced sanctions pressure from Washington.

Let us remind you that the capital’s Arbitration Court will begin to consider the claim, which concerns the transfer of almost 13 billion rubles by the IKEA Torg company registered in the Russian Federation to the Irish subsidiary IKEA Fami Limited. More about this read the material Public News Service.

Message Kommersant: China is reducing its dependence on imports, but not on exports appeared first on Public news service.

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