Decisive measures needed to put China at the core of global activity
By Zhong Nan | China Daily | Updated: 2015-01-15 07:43
Trade experts say China needs another round of decisive measures to put its export growth on a firmer footing in 2015, amid declining demand in major foreign markets.
Zhou Shijian, the standing councilor of the China Society for World Trade Organization Studies, said new measures should include pushing the Chinese currency to play a bigger role in foreign trade, developing new trading routes in neighboring regions, and encouraging more high-value added products onto the global market.
The nation's foreign trade rose by 3.4 percent year-on-year in 2014, missing its annual target of 7.5 percent. In 2013, China's trade growth was 7.6 percent, a marked contrast to the annual target of 8 percent.
Photo