China, Innovation for trade growth (Sylodium, Free international trade

Vice Premier Wang Yang said China must promote restructuring in exports and imports to aid the transformation and upgrade of industry as part of its efforts to cultivate new advantages in foreign trade.

China must press ahead with the transformation of foreign trade, focusing on long-term growth, Yang said, noting the need for more Chinese-owned brands and the development of new types of trade, such as e-commerce.

Innovations in business transactions have spurred growth, he said, urging more streamlined efforts in areas such as customs clearance for efficiency.


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