China's Commerce Minister Unveils Roadmap To Upgrade Foreign Trade
Umer Jamshaid Published March 11, 2018 | 02:50 PM
BEIJING, (APP - UrduPoint / Pakistan Point News - 11th Mar, 2018 ) :China has formulated six major tasks and eight action plans to promote high-quality development of economics and trade in the coming five years, Commerce Minister Zhong Shan said Sunday.
China is a big country in economics and trade in view of its leading indicators in consumption, trade, foreign direct investment and overseas direct investment, but it is far from a strong trader, Zhong told a press conference on the sidelines of the first session of the 13th National People's Congress.
In order to become strong, China must stick to innovation and take the road of high-quality development, according to Zhong. Before 2020, China should consolidate its position as a big trader.
The goal of becoming a strong trading nation should be basically realized by 2035 and be accomplished in all respects by 2050, Zhong said.
In the coming five years, there are six tasks to fulfil strengthen the fundamental function of consumption in economic growth, improve the competitiveness of foreign trade, boost two-way investment levels, optimize regional opening-up pattern, form new international economic and trade relations and make commerce activities better serve people's livelihood.
Accordingly, China has also made eight action plans, including consumption upgrading, investment innovation, cooperation under the Belt and Road Initiative as well as multilateral regional economic and trade cooperation.
Recent Stories
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 26 April 2024
Today Gold Rate in Pakistan 26 April 2024
ICC Womens T20 World Cup Qualifier, Match 2: Ireland Women open with Comfortable ..
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
More Stories From World
-
Guatemala prosecutors raid international NGO over alleged child abuse
56 seconds ago -
Another State Dept official resigns over US' Gaza policy amid growing student protests
1 minute ago -
Togo leader Gnassingbe follows father's political playbook
11 minutes ago -
China ready to work with Pakistan to promote practical cooperation under CPEC, GDI: Luo Zhaohui
21 minutes ago -
Indian election resumes as heatwave hits voters
21 minutes ago -
United by grief, families of Boeing crash victims demand justice
51 minutes ago
-
Microsoft expands its AI empire abroad
1 hour ago -
China ready to work with Pakistan to promote practical cooperation under CPEC, GDI: Luo Zhaohui
1 hour ago -
Nuggets push Lakers to brink as Embiid's 50 points lead Sixers over Knicks
1 hour ago -
Man City in title groove as Arsenal face Spurs test
1 hour ago -
Philippine settlement submerged by dam reappears due to drought
1 hour ago -
ByteDance says 'no plans' to sell TikTok after US ban law
2 hours ago