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Chinese Minister of Commerce: Pushing for a Strong Trade Power Status

The Chinese Minister of Commerce, Chen Deming, recently published an article suggesting China should push forward to become a “strong trade power,” as well as a large investor. Chen believes the financial crisis significantly changed the world order. Opportunities and risks coexist.

He suggested that China should focus on five areas: (1) emphasizing improvement in comprehensive economic efficiency; (2) balancing the “go out” and the “bring in” strategies to realize the conversion from “product export” to “capital export”; (3) optimizing regional economic development; (4) enhancing global strategic planning; (5) improving policies, rules and protection in international trade.

Source: China News Net, September 29, 2010