CCPIT offers guidelines for firms investing overseas

The China Council for the Promotion of International Trade will release an export market guideline by the end of this month to assist the country's foreign trade, especially in emerging markets such as Latin America and Africa, officials said on Wednesday.

"The guideline will help Chinese manufacturers get a better knowledge of global markets from developed economies to developing markets. Market demand, and the political, legal and business environments will all be included to help them prevent risks, and help them invest in new market destinations," said Lin Shunjie, director-general of department of trade and investment promotion at the CCPIT.

Lin's comments came after China's foreign trade volume reached $3.96 trillion in 2015, down 8 percent year-on-year, the government announced on Tuesday. The country is also confronting trade protectionism with trade remedy measures against Chinese products rising significantly last year, especially from developed economies in the European Union and the United States.