And by reducing tariffs on imports, it will level its commercial playing field -- depriving the frontier capitalists in Guangdong of many of their advantages.
While the drug industry has been railing against the dangers of foreign imports, it has increasingly transferred its own production to foreign factories to save on labor costs.
It does not produce its own food, but imports it from Europe and neighboring Ethiopia.
It desperately needed flexible exchange rates to rekindle its vital exports to pay for the imports it required to live.
Now the country has a hard time shipping oil abroad, and must tap its currency reserves to pay for what imports it can obtain.
Canada will produce and sell its tar sands oil whether or not the U.S. imports it: This is like reasoning that we might as well rob a bank because if we don't, someone else will.
So instead he imports it.
By raising the cost of imports, it would also help China stave off deflation.
The defence equipment it imports it could mostly produce at home.
Kermit Lynch, a Berkeley, Calif., merchant with a perfect-pitch Gallic palate, imports it.
Mikhail Baryshnikov, who caught the act in Germany, imports it to his arts center.
