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China's Rising Import Hub

China's Rising Import Hub

A report released in Shanghai during the ninth Hongqiao International Economic Forum highlighted China’s growing role as a global import market alongside its position as a production hub, as its capacity to absorb goods from around the world continues to expand. It noted that rising household incomes and a shift toward quality-focused consumption are driving demand for luxury goods, advanced technology and services. The report also reviewed the export performance of 10 of China’s trading partners and offered recommendations to help them increase their exports to China.

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