As the second-largest economy, and with a fifth of the world's population, China should account for 15 percent of global trade volume, Minister of Commerce Chen Deming has said. "China's population accounts for 19 percent of the global population while its current trade volume is only 10.4 percent of that of the world, so it will be totally fine for China's trade to be 15 percent of the world's," Chen said at an economic meeting held in east China's Jiangsu province on Monday. China's trade in 2012 is more balanced than in 2011, with trade surplus accounting for a mere 2.8 percent of the national gross domestic product in the first few months of the year, according to Chen. The commerce minister said that, given the current economic difficulties worldwide, global economic development is on a slow track and economic recovery is in a turbulent and uncertain period, so China's stable growth will be a positive contribution to the world. He is also positive about a soft landing for the Chinese economy. "For China's economy to change from a relatively fast development speed to a comparatively slower and more stable speed is highly possible," Chen said. In the next decade, China will continue to open up, so as to promote development, reform and innovation and put economic growth in terms of domestic consumption and export on an equal footing, Chen told attendees of the meeting.
GMT 12:09 2018 Monday ,26 November
Black Friday less wild as more Americans turn to online dealsGMT 15:07 2018 Sunday ,18 November
Refugee host countries discuss UNRWA's financial crisisGMT 17:22 2018 Wednesday ,31 October
Russia climbed to 31st place in Doing Business-2019 ratingGMT 16:53 2018 Wednesday ,17 October
"Putin" We need for collective restoration of Syria's economyGMT 14:02 2018 Friday ,12 October
Govt to announce incentives package for Overseas PakistanisGMT 18:26 2018 Saturday ,06 October
Dubai attracts Dh17.7 billion in foreign direct investmentGMT 09:02 2018 Friday ,21 September
Economy of Georgia demonstrates "strong signs of recovery"GMT 09:03 2018 Wednesday ,24 January
German investor confidence surges in JanuaryMaintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor