China vows to increase foreign imports

China has vowed to make it easier to import goods into its huge market as Beijing seeks to address controversial trade surpluses with its trading partners, a report said Monday. Beijing will "loosen its regulation of imports, cut import costs and make import financing easier for domestic companies," among other measures, said Chong Quan, a top trade official, according to Dow Jones Newswires.
Chong, who is the commerce ministry's deputy China International Trade Representative, added that the government will encourage imports from nations with which it is running a trade surplus, the report said.