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China to expand imports with supportive measures in 2026: Commerce Ministry

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China to expand imports with supportive measures in 2026: Commerce Ministry

2026-02-05 11:43 Last Updated At:12:21

China will step up efforts to expand imports in 2026 through coordinated domestic and international initiatives, as the country has become the world's second-largest consumer and import market, the Ministry of Commerce said on Wednesday.

In 2026, China will further encourage Chinese companies to go global while inviting more foreign businesses to enter the Chinese market by holding import promotion events through multiple channels and in diverse formats both at home and abroad.

"We will enhance the synergy between the 'Export to China' initiative and the 'Shopping in China' campaign. By integrating these efforts with consumption-boosting programs such as 'Premium Consumption Month' and the 'International Consumption Season', we aim to bring in more high-quality imported products and services and help them perform well in the Chinese market. At the same time, we expect to see more vertical and horizontal coordination among diverse market players, and better online-offline connectivity, to continuously raise the quality and efficiency of imports," said Wang Zhihua, director of the Department of Foreign Trade at the Ministry of Commerce.

The first event in 2026 under the theme "Export to China to Share the Big Market" was held in Beijing. The ministry said it will host more than 100 related events throughout the year to support a wider range of high-quality global goods and services entering the Chinese market.

China to expand imports with supportive measures in 2026: Commerce Ministry

China to expand imports with supportive measures in 2026: Commerce Ministry

The central parity rate of the Chinese currency renminbi, or the yuan, weakened 37 pips to 6.9570 against the U.S. dollar Thursday, according to the China Foreign Exchange Trade System.

In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.

The central parity rate of the yuan against the U.S. dollar is based on a weighted average of prices offered by market makers before the opening of the interbank market each business day.

Chinese yuan weakens to 6.9570 against USD Thursday

Chinese yuan weakens to 6.9570 against USD Thursday

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