China could become world’s largest import within five years: Report | The Indian Express

China could become world’s largest import within five years: Report | The Indian Express

China could become world’s largest import within five years: Report

In the past ten years, China's annual average import growth was six percentage points higher than the US, Xinhua news agency reported.

By: IANS | Beijiing | Published: December 5, 2017 9:26 am

In this March 17, 2017, file photo, a vendor takes stock of imported food at a mall in Beijing. (AP file photo)

China is expected to overtake the United States to become the world’s largest importer within five years, a leading Chinese investment firm said on Monday.

In the past ten years, China’s annual average import growth was six percentage points higher than the US, Xinhua news agency reported.