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August 6, 2016

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China supports globalization and trade

CHINA firmly supports globalization and multilateral trade mechanism as a major channel to boost global economic development and opposes all forms of protectionism, Minister of Commerce Gao Hucheng said yesterday.

Gao, who attended the fourth East Asia Summit Economic Ministers’ Meeting in Vientiane, the Laotian capital, called on all countries to enhance coordination on macro policies and join hands to combat challenges.

Despite rising voices of deglobalization amid increasing uncertainties and instabilities in the world economy, globalization is still undoubtedly an irreversible trend of this era, he said, noting that trade and investment are the two major drivers essential for boosting global economic momentum.

China has always upheld the concept of mutual benefits and win-win results and is willing to jointly work with all parties to promote the construction of the Belt and Road initiative through consultation to meet the interests of all. This is so that the concept can provide new stimulus to global economic growth and regional economic cooperation.


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