China will turn the country into a trader of quality

China will make dedicated efforts to turn the country into a trader of quality, as part of its efforts to achieve Chinese modernization, Commerce Minister Wang Wentao said in Beijing.

China's foreign trade has navigated in a downward pressure and displayed a remarkable resilience since 2023, as highlighted by stable import and export volumes, steady international market share, optimized trading structure and a diversified range of trading partners, Wang said at the fourth session of the symposium themed "Comprehensively Advancing Chinese Modernization".

China's foreign trade has achieved significant leaps and bounds, securing its position as the world's top trading nation and steadily advancing towards its goal of becoming a trade powerhouse, Wang added.

While acknowledging risks and challenges, such as sluggish external demand, it's equally important to understand that the economic fundamentals that will sustain long-term growth remain unchanged, Wang said.

While having a robust production capacity, vast innovation opportunities, massive market size, and well-developed infrastructure, China possesses comprehensive advantages that provide strong support for the development of foreign trade, Wang said.

The nation is confident, well-prepared, and determined to take new strides toward promoting high-quality trade on a higher ground, Wang added.

Going forward, China will ramp up efforts to expand its high-level opening-up, cultivate new drivers of foreign trade and deepen international economic cooperation, Wang said, noting that more steps will be adopted to boost trade in intermediate goods, trade in services, digital trade and cross-border e-commerce.