China submits proposal for WTO reform

China expressed concern over an unprecedented "existential crisis" confronting the World Trade Organization and has submitted a proposal on WTO reform, according to the Ministry of Commerce on Tuesday.

The proposal was submitted by China's delegation to the General Council of the WTO in Geneva on Monday.

According to the documents released on the ministry's website, China said rising unilateralist and protectionist practices could lead to an "existential crisis" at the WTO and sabotage multilateralism and the free trade system.