Chinese Vice Premier urges boosting foreign trade

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Chinese Vice Premier Wang Yang has called for more foreign trade to support the economy.

Seeking progress while ensuring stability, China shall continue to improve its foreign trade policy, push ahead with structural adjustments and upgrades, and foster new advantages in trade competition, said Wang.

Wang made the remarks during a visit to east China’s Zhejiang province from Monday to Wednesday. He visited several companies including the Alibaba Group and an e-commerce village in Lin’an city.

Wang said that China’s foreign trade faces many difficulties, citing weak external demand and rising costs.

China will try to ensure that the growth of exports and imports regains lost momentum and its share of the international market does not fall, by support to companies in their initiatives to nurture export brands and build overseas marketing networks, Wang said.

While visiting industrial parks in Hangzhou, capital of Zhejiang, Wang suggested new industry standards, rules and training to set an example for the whole country.

China’s foreign trade only increased 3.4 percent in 2014 denominated in US dollars, significantly lower than the 7.6 percent rise in 2013 and the 7.5 percent target.

 

Source : China Daily | January 22, 2015

Thomas D’Innocenzi

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About thomasdinnocenzi

Thomas D'Innocenzi is a highly accomplished, results-focused senior international executive with extensive experience in global sourcing and market development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global sourcing operations worldwide. Extensive experience in international market development operations to accommodate rapid growth. Skilled in building top-performing teams, benchmarking performance, and restricting organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. As principal of Nova Advisors, LLC I’ve assembled an exemplary team that brings with them the knowledge and experience gained from starting up a Global Sourcing program with multiple Fortune 500 companies as well as the largest supplier network throughout the Asia-Pacific region. We have experience and expertise in more than a thousand medical and pharmaceutical products in manufacturing and sourcing at the best value. The right product, the right price point and the right branding fueled these successes that resulted in double-digit growth for top line sales and bottom line net margins for our customers. What sets us apart: • Our reach includes a large network of suppliers & manufacturers spanning 13 countries in Asia-Pacific region • We understand the manufacturing process and the business of the supplier and the buyer • Our company culture is based on quality assurance and our process is based on local quality control Our commitment is to be your partner offering the best products and services at the lowest cost. Contact me to discuss how we can make the global marketplace work for you. thomas@novaadvisors.com In addition, I am open to discussing opportunities in global sourcing, international marketing & sales, logistics and medical/pharma in Thailand, Vietnam, Malaysia, Philippines & Japan. Aside from my work I enjoy piano, astronomy, physics, and assisting my daughters with their studies. SPECIALTIES: Global Sourcing, Supply Chain Management, Business Development, Marketing, Logistics, Global Networking, Market Development, Healthcare Solutions, Pharmaceuticals, Medical Devices, Technology, Asia, Southeast Asia, US and Canada
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