China vows to cut reliance on cheap exports – Reuters

From Reuters (link)

China, under pressure from rising trade spats, will push changes in the next five years to cut labor-intensive , Xinhua news agency said on Monday, quoting the nation’s customs chief.

Mou Xinsheng, head of the General Administration of Customs, reinforced official pledges to gradually tilt the country’s sizzling exports away from cheap, mass-manufactured goods.

China would target changing the imbalance between exporting labor-intensive products and importing high value-added equipment and energy, Xinhua quoted Mou as saying.

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