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 international consultant with extensive experience in global sourcing and business development worldwide to meet evolving business needs. Tom has proven ability in implementing and managing profitable global marketing and sourcing operations. He has extensive experience in international business development to accommodate rapid growth. Skilled in building top-performing teams, bench-marking performance, and developing organizations to improve efficiency, productivity, and profitability. Experienced transition leader and change agent. Tom founded Nova Advisors with the mission of providing expert Global Business Development consulting services for companies seeking to expand their market share as an independent consultant. Tom has a network of experts and advisors throughout the Asia-Pacific region and North America. His expertise includes business development, global sourcing, manufacturing, commodities, logistics, QA/QC, FDA, regulatory compliance, sustainability, and supply chain optimization. Tom is experienced in the medical device, apparel, consumer goods and technology services verticals helping companies advance their global sourcing capabilities and develop new markets through a local and sustained approach. Located in SE Asia and the United States, Tom expands market reach to drive sales. His global sourcing strategy includes directly negotiating with commodity suppliers, supply chain networks and distributors for optimal terms based on his expertise and first-hand knowledge of the players. Contact Tom to use his consulting service to increase your global market and make global sourcing profitable for you in the Asia Pacific Region and the United States. http://www.NovaAdvisors.com thomas@NovaAdvisors.com USA Direct: +1.904.479.3600 SINGAPORE: +65.6818.6396 THAILAND: +662.207.9269
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