Well, not really. The "import directive" is transformed into a module-import-declaration [module.import], so that part is correct. Also, the term "entities" does not include macros, so this particular sentence, on the face of it, is not preprocessor-related.

(The sentence is broken, though, because it says "entities are defined in headers", which is probably not what we want to say: They should be declared in headers, and we don't care where they're actually defined.)