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People's Daily Online>>China Business

China engages in all-round development in its foreign trade: white paper


13:30, December 07, 2011

BEIJING, Dec. 7 (Xinhua) -- China has been engaged in constructing all-round economic and trade partnership with mutually beneficial cooperation, said the Chinese government in a white paper released Wednesday.

"China adheres to developing economic and trade partnerships based on practical cooperation and mutual benefit with all countries, no matter they are big or small, rich or poor," said the document titled "China's Foreign Trade", released by the Information Office of the State Council.

The white paper said China enjoys steady growth in its trade with developed countries including the European Union nations, the United States, Japan, Canada, Australia and New Zealand. Meanwhile, the country's trade with emerging economies and developing countries is experiencing robust growth.

With the comprehensive implementation of the China-ASEAN Free Trade Agreement in 2010, the country has canceled tariffs for 90 percent of the commodities traded between them.

In an effort to promote the institutional set-up of bilateral and regional economic and trade cooperation, China has signed agreements on bilateral trade or economic cooperation with more than 150 countries and regions.

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