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China will further relax market access for foreign capital, expand opening-up China s foreign trade is expected to reach $5.1 trillion in 2025, and the country will increase its exports and imports with Asian, African and Latin American economies during its 14th Five-Year Plan period (2021-25), according to a plan released by the Ministry of Commerce on Friday. That plan, regarding China s commercial development during the 14th Five-Year Plan period, said the nation will expand the proportion of new forms of foreign trade, such as cross-border e-commerce, from 7 percent in 2020 to 10 percent in 2025 in order to foster new competitive strength. New business forms and models, particularly cross-border e-commerce, have become a vibrant force driving China s foreign trade. They also represent a substantial trend in the growth of global trade, said Chen Chunjiang, director-general of the ministry s Department of Trade in Services and Commercial Services.

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