High-tech and high-value-added products have become the main growth engine for China's foreign trade, an official of the Ministry of Commerce said Friday.
At a press conference in Beijing, Yang Tao, director general of the Department of Foreign Trade at the Ministry of Commerce, said that orders for wind turbines, green ships, energy-saving and environmental protection equipment and other products are also growing steadily, meeting the green development needs of relevant countries. "Next year, the external environment for foreign trade will be more complicated and changeable. Many international organizations have pointed out that economic and trade barriers have significantly increased global trade costs, affected the security and stability of global production and supply chains, and exposed world economy and trade to great uncertainty," Yang said.
"In the next step, the Ministry of Commerce will closely follow the changes in the foreign trade situation, make good use of various high-level opening-up platforms, including the Canton Fair, guide enterprises to expand diversified markets, actively expand the import of high-quality products, promote the balanced development of imports and exports, and make greater contributions to expanding high-level opening-up and promoting sustained, innovative and high-quality economic development," he added.
High-tech, high-value-added products become main growth engine for China's foreign trade: official
Business people from Thailand are seeking closer cooperation with Chinese partners at the "Export to China" campaign of the 23rd China-ASEAM Expo, which kicked off Thursday in Nanning, capital of south China's Guangxi Zhuang Autonomous Region.
A total of 109 Thai companies are exhibiting agricultural and food products, beauty and personal care, logistics, textiles and many other products at the expo with Thailand serving as the thematic country for the "Export to China" campaign.
For many business representatives from Thailand, their message is the Chinese market remains highly attractive, and the future of China-Thailand cooperation looks increasingly promising.
"This is my 10th time attending the expo in Nanning, and every time the feedback has been excellent. After the expo, our agents distribute Thai products right here in Nanning, reaching customers across China," said a Thai exhibitor
For many Thai companies, the China-ASEAN Expo is more than a showcase, it is a gateway to China's vast consumer market.
"We’re here to see how Chinese consumers respond to our classic flavors, and to understand what they really want. This year, we also want to explore using Chinese materials to upgrade and innovate our products," said Zhang Zhengkun, a staff member of Waydhanar Company from Thailand.
The momentum behind the business cooperation is clear. From this January to August, total trade between China and Thailand reached 129.17 billion U.S. dollars, up 26.6 percent year on year.
China has remained Thailand's largest trading partner and its top export market for agricultural products for 13 consecutive years.
"China and Thailand share close cultures, especially in food, wellness, and traditional lifestyles. If we research and co-develop these products and services together, we can better serve markets in China, in Thailand, and around the world," said Yang Kaise, deputy secretary-general of Thai Chamber of Commerce in China.
Themed on "CAFTA 3.0 Opportunities, Better Life," the 23rd China-ASEAN Expo and China-ASEAN Business and Investment Summit will run till Monday.
Thai businesses seek deeper trade ties at 23rd China-ASEAN Expo in Nanning
