CIIE Photo: VCG
China’s per capita consumer goods import has doubled over the past decade, and China has ranked as the world’s second-largest importing country for 13 consecutive years, according to a report jointly released by the University on Friday. of Nanjing and Beijing Normal University.
In 2021, China’s per capita consumer goods imports reached $180, up from $80 in 2011 and $8 in 2001, according to the report.
The expansion of import volume is remarkable over the past 10 years. Last year, Chinese imports totaled 17.36 trillion yuan, up 51.23 percent from a decade ago. The country’s share of world imports reached 11.9% in 2021, and it overtook Germany to become the world’s second largest importing country in 2009.
The marked increase in imports is attributable to a number of policies adopted by the Chinese government to actively stimulate imports, as well as the establishment of several national platforms to facilitate imports, such as the China International Import Expo (CIIE), the largest import fair in the world. fair.
The 5th CIIE opened in Shanghai on Saturday. A total of 145 countries, regions and international organizations have registered for the annual fair, including both developed and developing countries. Enterprises from 127 countries and regions took part in the business and trade exhibitions while 66 countries and three international organizations made their presence at the event, surpassing last year’s attendance.
In terms of import destinations, the report said the structure of imports has improved, with China’s central and western regions now accounting for 9.76% of total imports, up from 6.39% in 2012. The eastern region of the country remains the main import destination.
According to the report, import-facilitating entities are now turning to foreign-invested enterprises as well as private companies.