Minister focuses on expanding foreign trade

Updated: 2013-03-22 07:02

By Ding Qingfen and Li Jiabao (China Daily)

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Minister focuses on expanding foreign trade

Commerce chief confident despite pressure on export environment

The new commerce minister expressed confidence on Thursday that China will boost foreign trade in 2013 despite pressure on exports.

Trade growth will be "no less than GDP growth," promised Gao Hucheng, who was promoted from vice-minister on Sunday.

China will also strive to achieve 14.5 percent growth in domestic retail volume this year, Gao said.

At the National People's Congress annual session, a GDP growth target of 7.5 percent was set for 2013.

Owing to "global uncertainties," the premier's Government Work Report did not specify an annual goal for foreign trade, although the National Development and Reform Commission, the top economic planning body, outlined 8 percent growth for trade in a separate report to the national legislature.

According to the National Bureau of Statistics, China's retail volume was 21 trillion yuan ($3.3 trillion) in 2012, up by 14.3 percent from 2011.

Gao also said the nation is committed to stimulating domestic consumption this year and will also stick to the "opening-up policy", welcoming foreign direct investment in high-tech and research sectors.

Gao made the remarks in an interview aft