Country has conformed to the trend of globalization by opening wider to the outside world and promoting international economic cooperation.
China stresses all-round development in its foreign trade. China adheres to developing economic and trade partnerships based on practical cooperation and mutual benefit with all countries, no matter whether they are big or small, rich or poor.
At present, unbalanced, inconsistent and unsustainable development factors persist in China's foreign trade.
The primary factors determining whether a country's foreign trade is in surplus or deficit are its economic structure and the international competitiveness of its products or services.
China's foreign trade has also helped integrate the Chinese economy into the world economy, and make economic globalization conducive to the common prosperity of all countries and regions.
Since the reform and opening up policy was initiated, China's foreign trade system has completed the transformation from mandatory planning to giving full play to the fundamental role of the market.
China will make great progress in establishing multilateral free trade areas (FTA) in the next few years, after a decade's efforts to promote bilateral FTAs since the nation entered the World Trade Organization (WTO) in 2001.
Yiwu is often considered a success story for rapid economic development. Over the 10 years since China entered the World Trade Organization, Yiwu has made several remarkable economic strides.
China faces a pessimistic foreign trade outlook in light of global economic turmoil, rising labor and raw material costs and mounting pressure regarding the appreciation of the yuan, a senior commerce official said Friday.
China on Saturday welcomed a World Trade Organization (WTO) panel ruling that rejected anti-dumping measures imposed by the European Union (EU) on leather shoes imported from China.
Politicizing economic issues will not treat the ailing global economy and G20 summit must take steps to inject vitality.
In the coming five years, China's imports are expected to more than double to exceed $8 trillion, Yi Xiaozhun, China's permanent representative to the World Trade Organization (WTO) said.
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