China pledges balanced trade, focus on stabilizing exports and expanding imports

Описание: (6 Mar 2026)
RESTRICTION SUMMARY:

ASSOCIATED PRESS
Beijing - 06 March 2026
1. Wide of Chinese officials holding briefing on economic issues
2. Various of reporters
3. Wide of officials on stage
4. SOUNDBITE (Mandarin) Wang Wentao, Chinese Minister of Commerce:
“We have noted the 1.2 trillion (U.S. dollars) trade surplus and some ideas and views put forward by our trading partners. Our next step will mainly be to promote balanced trade. We see exports and imports as the two wheels of a vehicle. If they are balanced, the vehicle will run smoothly and travel farther.”
5. Reporter asking questions
6. SOUNDBITE (Mandarin) Wang Wentao, Chinese Minister of Commerce:
“It’s not that we don’t import. Instead, China is the world’s second-largest import market. Moreover, our middle-income group continues to expand, which means our market still has enormous potential. Our market is also the one that keeps proactively opening up. We will pursue balanced growth in imports and exports and promote balanced trade, stabilizing exports while expanding imports.”
7. Reporter asking questions
8. SOUNDBITE (Mandarin) Zheng Shanjie, Chairman of the National Development and Reform Commission of China:
“We will focus on developing six major emerging industries and six major future industries. The six emerging pillar industries include integrated circuits, aerospace, biomedicine, the low-altitude economy, new energy storage, and intelligent robotics.”
9. Mid of reporters
10. SOUNDBITE (Mandarin) Zheng Shanjie, Chairman of the National Development and Reform Commission of China:
“Our preliminary estimate shows that the combined output value of these six industries had already approached 6 trillion yuan in 2025. It is expected to double or more by 2030, expanding to over 10 trillion yuan.”
11. Various of reporter asking questions
12. Wide of briefing
STORYLINE:
China stays committed to “stabilizing exports while expanding imports” to promote balanced trade, a top Chinese economic official said at a briefing on Friday.

Commerce Minister Wang Wentao acknowledged China’s 1.2 trillion (U.S. dollars) trade surplus, saying Beijing has taken note of the “ideas and views put forward by our trading partners.”

“Our next step will mainly be to promote balanced trade. We see exports and imports as the two wheels of a vehicle. If they are balanced, the vehicle will run smoothly and travel farther,” Wang said.

With the domestic economy in the doldrums, China has maintained growth by exporting.

Its trade surplus surged to a record of nearly $1.2 trillion last year, though exports to the U.S. fell after President Donald Trump sharply raised tariffs.

But the growth in exports to other countries has met pushback from governments worried about their own industries and workers.

Wang said China remains the world’s second-largest import market, noting that the country’s expanding middle-income group means its market still has enormous potential.

Meanwhile, Zheng Shanjie, Chairman of the Chinese National Development and Reform Commission, said that the country will be focusing on six emerging pillar industries, including “integrated circuits, aerospace, biomedicine, the low-altitude economy, new energy storage, and intelligent robotics.”

The briefing took place on the sidelines of China’s annual “two sessions” - the yearly gatherings of the National People’s Congress and the Chinese People’s Political Consultative Conference held each March in Beijing.

AP video shot by: Tian Macleod

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