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Foreign trade vital to boosting economy

Updated: 2019-11-04

The 2nd China International Import Expo (CIIE), renowned as the world's first import-themed national exhibition, opened in Shanghai on Nov 5.

The five-day expo in Shanghai also that China is commiteed to promoting shared propserity and mutual benefit. It shows China's resolve to become a trading power which, among other things, will inevitably benefit its trade partners.

The 2019 Global Competitiveness Report released on Oct 9 ranked China 28th. The country has retained its position from last year while improving its comprehensive score by 1.3 to remain ahead of the other BRICS countries.

Since China aims to enhance its global economic competitiveness, it is important for it to promote qualitative development of its foreign trade, and take all the necessary measures to develop into a global trading power.