Become a strong trading power by 2050
The country will continue to see high-quality development as the government's work agenda emphasis and aim to become a strong trading power by 2050, said Minister of Commerce Zhong Shan on Sunday.
"The country has become the world's leading trading power due to the out
standing performance of the domestic consumption, foreign trade, foreign capi
tal and direct investment," said Zhong during the first session of the 13th National People's Congress. "We are big but not strong enough. To become a strong trading country, we need to drive the economic growth by innovation and high-quality development."
"We aim to stabilize our position as a big trading power by 2020, and transform into a strong trading country by 2035 and finally become an economic giant by 2050,"Zhong added.
China International Import Expo to boost globalization
The first China International Import Expo, one of the country's concrete measures to further open up, would facilitate economic globalization and trade liberalization, said Minister of Commerce Zhong Shan on Sunday.
More than 60 economies have registered with the Country Pavilion for Trade and Investment, including developed and developing countries, as well as the least developed countries, said Zhong at a press conference during the first session of the 13th National People's Congress.
Companies from 120 countries and regions registered with the Enterprise and Business Exhibition, and the exhibition area was 20 percent more than expected, Zhong said.
FTAs boost multilateral trade negotiations: vice minister
China will continue to support free trade agreements and multilateral trade negotiations, said Vice-Minister of Commerce Wang Shouwen on Sunday.
So far, China has signed 16 free trade agreements with 24 countries and regions, Wang said at a press conference during the first session of the 13th National People's Congress.
The development of trade and investment relations between China and its free trade partners was faster than that with non-free trade partners, he said.
