CHINA will promote the integration of domestic and foreign trade, and consolidate the stability of the supply and industrial chains to ensure jobs for nearly 200 million people during the 14th Five-Year Plan period (2021-25), reports the official China Daily.
The Ministry of Commerce's Foreign Trade Situation Report of China said the domestic market would be the 'mainstay of the economy, while domestic and international markets support each other', said the report.
As a five-year plan, the document appears to be more a review of Chinese accomplishments than a forecast of what to expect in the future.
'While expanding domestic demand and ensuring the smooth flow of the internal circulation, the domestic cycle of production, distribution and consumption, China will continue to boost both exports and imports, as well as attract foreign direct investment,' said researcher Zhang Yongjun at the China Centre for International Economic Exchange.
Economic cooperation with countries and regions participating in the Belt and Road Initiative has continued to deepen trade and its proportion in China's total foreign trade has grown from 25.1 per cent in 2015 to 29.1 per cent in 2020.
SeaNews Turkey
The Ministry of Commerce's Foreign Trade Situation Report of China said the domestic market would be the 'mainstay of the economy, while domestic and international markets support each other', said the report.
As a five-year plan, the document appears to be more a review of Chinese accomplishments than a forecast of what to expect in the future.
'While expanding domestic demand and ensuring the smooth flow of the internal circulation, the domestic cycle of production, distribution and consumption, China will continue to boost both exports and imports, as well as attract foreign direct investment,' said researcher Zhang Yongjun at the China Centre for International Economic Exchange.
Economic cooperation with countries and regions participating in the Belt and Road Initiative has continued to deepen trade and its proportion in China's total foreign trade has grown from 25.1 per cent in 2015 to 29.1 per cent in 2020.
SeaNews Turkey