Changing trade structure

China's new leadership will introduce new round of economic reforms and promote policies to boost imports

China's foreign trade was sluggish last year. Although it increased to $3.866 trillion, up 6.2 percent from 2011, this was significantly lower than the 10 percent annual growth goal set by the government. Exports reached $2.05 trillion, up 7.9 percent, and imports totaled $1.82 trillion, an increase of 4.3 percent. The trade surplus was $231.1 billion, expanding 49.2 percent.

However, China's imports and exports increased 8.2 percent in December compared with a month earlier and its trade surplus rebounded to $31.6 billion, demonstrating there is great potential for China's exports and economy, as it actively changes its trade structure.