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Saturday, December 2, 2023

China Has “Huge Room” for Export Growth, Says Economic Affairs Committee Vice-Chairman

BusinessChina Has "Huge Room" for Export Growth, Says Economic Affairs Committee Vice-Chairman

According to a senior political advisor, China’s exports are expected to continue growing and contribute to the country’s overall economic growth this year. The vice-chairman of the Economic Affairs Committee of the National Committee of the Chinese People’s Political Consultative Conference, Ning Jizhe, believes that there is still a significant amount of potential for China’s exports to expand, and the key to achieving this is taking action towards this goal.

To maintain a stable rate of export growth, it’s crucial for China to manufacture and export products that the world truly needs, as noted by Ning, who also serves as the vice-chairman of the China Center for International Economic Exchanges. Despite the challenges facing its exports due to the global economy slowing down and decreasing external demand for Chinese goods, Ning claims that China has the ability to turn these obstacles into opportunities.

Ning’s confidence stems from China’s complete industrial chain system and its active foreign trade market entities. These factors enable China to flexibly adjust its products and services to adapt to external changes.

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