China needs efforts to become strong trade nation
Updated: 2011-12-07 11:22
(Xinhua)
|
|||||||||||
BEIJING - China will need "arduous efforts" and a relatively longer period of time to transform into a major trade country in terms of competitiveness, according to a government white paper released on Wednesday.
Although China has become the world's largest exporter, its exports mainly focused on low value chain activity of manufacturing, which required high resource inputs, high energy consumption and environmental costs, said the white paper titled "China's Foreign Trade", which was released by the Information Office of the State Council.
It noted that China is still a developing country and the international competitiveness of domestic enterprises and risk-resistance of some industries are relatively weak.
The country's trade volume of goods totaled $2.974 trillion in 2010, compared with only $20.6 billion in 1978 when the country initiated its reform and opening up policy.
The white paper said China has grown into an open economy and its development, benefited from economic globalization and international cooperation, also benefited foreign enterprises investing in China.
Hot Topics
HIV/AIDS, Egypt protest, Thanksgiving, climate change, global economic recovery, home prices, high-speed railways, school bus safety, Libya situation, Weekly photos
Editor's Picks
Small, but standing tall |
Zhejiang keeps closer eye on smaller private biz |
Binding agreement expected at COP 17 |
Dancing classrooms in Israel |
National table tennis team end military training |
Ding holds off spirited Stevens at UK Championship |