Raising exports and imports will promote global cooperation
BEIJING: China will leverage high-level openness to promote the dual-circulation development pattern, which should not only help stimulate domestic consumption but attract foreign resources, the country’s top commerce official said.
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, thereby strengthening its efforts for global cooperation, said Commerce Minister Wang Wentao.
The official said the dual-circulation paradigm will be the centerpiece of the overall effort and propel China toward sustainable and high-quality growth.
China’s factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting the country’s manufacturing sector continues to see a rapid recovery from the COVID-19 shock. The producer price index (PPI) eased 0.4% from a year earlier, the National Bureau of Statistics said in a statement. The index .
China's factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting the country's manufacturing sector continues to see a rapid recovery from the COVID-19 shock.
China’s factory gate prices fell last month at their slowest pace since February, official data showed on Monday, suggesting the country’s manufacturing sector continues to see a rapid recovery from the COVID-19 shock.
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