China to stabilize overseas market
Updated: 2013-03-22 02:42
(Xinhua)
|
|||||||||
BEIJING - Despite mounting challenges, China will work hard to stabilize its overseas markets, Commerce Minister Gao Hucheng said Thursday.
The country will accelerate foreign trade restructuring to improve trade quality and build technology, brands, quality and service as new trade advantages, the new minister said during an interview with Xinhua.
He vowed to realize the goal of not allowing the growth rate in foreign trade to fall below that of the Gross Domestic Product.
In the domestic market, the priority is expanding consumption and cutting logistics costs, Gao said.
In regards to regional economic integration, Gao said every economy has the right to choose a suitable economic integration path based on its own situation and development level, and China holds an open and tolerant attitude toward this.
The international trade rule system represented by the World Trade Organization is the foundation for global free trade, and its role can not be replaced by any regional pacts, Gao said.
"Under the current situation, we should first safeguard existing multilateral trade rules and fight trade protectionism," Gao said.
China eyes an 8-percent increase in foreign trade in 2013. Its foreign trade climbed 6.2 percent year-on-year to $3.87 trillion in 2012, considerably lower than the 10-percent growth previously targeted by the government.
Meanwhile, China has targeted 7.5-percent economic growth and 3.5-percent inflation this year.
- Li Na on Time cover, makes influential 100 list
- FBI releases photos of 2 Boston bombings suspects
- World's wackiest hairstyles
- Sandstorms strike Northwest China
- Never-seen photos of Madonna on display
- H7N9 outbreak linked to waterfowl migration
- Dozens feared dead in Texas plant blast
- Venezuelan court rules out manual votes counting
Most Viewed
Editor's Picks
American abroad |
Industry savior: Big boys' toys |
New commissioner
|
Liaoning: China's oceangoing giant |
TCM - Keeping healthy in Chinese way |
Poultry industry under pressure |
Today's Top News
Boston bombing suspect reported cornered on boat
7.0-magnitude quake hits Sichuan
Cross-talk artist helps to spread the word
'Green' awareness levels drop in Beijing
Palace Museum spruces up
First couple on Time's list of most influential
H7N9 flu transmission studied
Trading channels 'need to broaden'
US Weekly
Beyond Yao
|
Money power |