To liberalize trade in China, the government continued to reduce administrative obstacles to trade by adjusting the tariffs and exchange rates. In 2012, the categories of import commodities subject to licensing controls were reduced
by 1, down from 49 in 2011 and 48 in 2012.
As shown in the commodity chart below for year 2011, machinery and
transport equipments made up the majority of the imports, accounted for USD
631 billion or 36% of total import volume. Next major
imported products were non-edible raw materials which took 16.3%; mineral and raw
material accounted for 15.8%; and textile, chemical products were 10.4%.