Published on: 2026-11-06
Source: People’s Republic of China — Translation
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Shanghai, November 5 /Xinhua/ — Chinese Vice Premier Ding Xuesong on Thursday called for joint efforts to achieve balanced trade through greater market openness, deeper investment cooperation, promotion of innovation, and removal of trade barriers.
Ding Xuexiang, who is also a member of the Standing Committee of the Political Bureau of the CPC Central Committee, made the corresponding statement while delivering a keynote report at the opening ceremony of the 9th China International Import Expo (CIIE) and the Hongqiao International Economic Forum in Shanghai (East China).
As noted by the Vice Premier of the State Council, unprecedented changes over a whole century are accelerating worldwide, economic globalization is encountering headwinds, the problem of imbalance in global development is sharply arising, and the international trade and economic order is facing serious blows. According to him, the widespread attention to the problem of trade imbalance is quite understandable, and the key question is how to achieve balanced trade.
Firstly, Ding Xuesong called on countries to share market opportunities, increase openness and interconnectedness, use their comparative advantages more effectively, and promote balance by jointly expanding the economic “pie.”
Secondly, he called for deepening investment cooperation, optimizing cross-border production placement, creating favorable conditions for enterprise development, and promoting balance through integration into global production and supply chains.
Thirdly, Ding Xuesong pointed out the need to strengthen the innovation impulse, improve the quality of supply, expand the boundaries of trade, and promote balance through advancing transformation and modernization.
Fourthly, the Vice Premier of the State Council called for strengthening mutual understanding and trust, fully taking into account each other’s legitimate concerns, resolving disagreements through consultations, and promoting balance by removing barriers. –0–
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