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Foreign trade vital to boosting economy

Updated: 2019-11-04

That China is holding the 2nd China International Import Expo shows it is committed to promoting shared prosperity and mutual benefit. The five-day expo in Shanghai from Tuesday also 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.