News / Chinese imports growing faster than exports as domestic consumer market grows

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China’s container imports are growing faster than exports, as it shifts to a consumption-led economy.

According to Brian Jackson, senior economist at IHS Markit Beijing, China will leap from representing one-third of total consumption in Asia to two-thirds over the next 20 years.

“Even though China’s slowing down, it’s completely impossible to ignore it, no matter what part of Asia’s economy you’re looking at; consumption, trade, and even industry,” he told delegates at TPM Asia in Shenzhen last week.

He added: “Industry is ...