Latest News:  
Beijing   Cloudy/Light rain    11 / 7 ℃  City Forecast

English>>China Business

China mulls foreign trade improvement by promoting int'l marketing network

(Xinhua)

08:30, November 23, 2012

BEIJING, Nov. 22 (Xinhua) - China is trying to address the slowing foreign trade growth by picking up speed in constructing an international marketing network highlighting trade facilitation, officials said at a meeting on Thursday.

The world's second-largest economy should break the "bottleneck" of foreign trade by breeding "fresh advantages" in terms of technology, brands, quality and service, Chinese Vice Commerce Minister Zhong Shan told a meeting focused on international marketing network construction.

The Ministry of Commerce (MOC) forecast that China's foreign trade would grow 6 percent year on year in 2012, lower than the annual economic growth target of 7.5 percent.

In the first ten months, China's foreign trade increased 6.3 percent from the same period last year, while the growth rate further slipped in November, according to MOC data.

Chinese export-oriented enterprises should reduce export trade links, diversify competition and expand sales of brand products and products with high added value in a bid to improve business performance, said Zhong.

Currently, Chinese enterprises operate more than 26,700 liaison offices as part of the international marketing network. Of the total, 83 percent have been invested with less than 1 million U.S. dollars and 95 percent take in less than 10 million U.S. dollars in revenue, he said.

In 2011, the network's overseas sales revenue totaled 81.05 billion U.S. dollars, accounting for 4 percent of the country's gross export value, according to Zhong.

Experts attending the meeting suggested Chinese enterprises should collaborate in forming industry magnates like foreign brands Wal-mart and Carrefour instead of selling their products via wholesalers, merchants and small shops.

Recommended Features:
Vibrant Opportunities amid Transition From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'?

Email|Print|Comments(Editor:李倩、梁军)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Weekly review of military photos (2012.11.19-11.23)

  2. Astronomy pictures of the week (11.18-11.24)

  3. The world in photos (2012.11.18-11.23)

  4. Boy saves classmate, loses own leg

  5. 10th China Int'l Auto Exhibition to be held

  6. World's highest-altitude civilian airport to open

  7. Yang Liping: rebirth like a phoenix

  8. Female students of CKGSB

Most Popular

Opinions

  1. Encourage spending, not saving
  2. Car firms show up in droves
  3. Please show more tolerance for 'vulgar culture'
  4. Build society's bottom line for children
  5. China, Japan, S Korea should promote FTA talk
  6. Photovoltaic spotlight turns to domestic market
  7. 'Background competition' can trap anyone
  8. Potential huge for China to go 'green'
  9. Israel-Hamas ceasefire "victory" for Palestine
  10. Commentary: Hot money needs cooling

What’s happening in China

10th China Int'l Auto Exhibition to be held in Guangzhou

  1. 1st test flight lands at Daochengyading Airport
  2. It's a dog's life in the armed police force
  3. Toll-free roads this Spring Festival
  4. Whistle-blowing dairy manager dies
  5. Man sentenced to death for killing mother