Speaking at the ministry’s year-end meeting on Sunday, the minister laid out key priorities for further development in the coming year.
He said the country will rev up efforts to “build a strong domestic market, open up to the outside world at a higher level, promote high-quality development of commerce and build the economy into an economic and trade powerhouse”.
He said these moves will help contribute to the building of a moderately prosperous society in all respects - a target China aims to meet in 2020. The year 2019 has been full of risks and challenges at home and abroad, but main indicators for the nation’s commerce have shown steady and sound development, Zhong said. In the first 11 months, retail sales of consumer goods totaled 37.3 trillion yuan ($5.3 trillion), up 8% year-on-year, the ministry reported. China plans to establish an evaluation system for high-quality trade development including indicators, policies, statistics and performance by 2022, aiming for significant improvement in the trade structure and efficiency, according to a guideline released in November.
The guideline was unveiled to promote high-quality development of trade with key focus on forging stable and better-structured trade development.
This article originally appeared on the China Economic Net
Published in The Express Tribune, December 31st, 2019.
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