Event stresses global ties amid tough scene
5 months, 4 weeks ago

Event stresses global ties amid tough scene

China Daily  

An aerial drone photo taken on June 24, 2024 shows the Dalian International Conference Center, venue of the 2024 Summer Davos, in Dalian, Northeast China's Liaoning province. Greater global cooperation in trade and investment is needed to bolster the world's economic recovery and deal with mounting challenges like decoupling, supply chain disruptions and geopolitical tensions, said speakers at the 15th Annual Meeting of the New Champions, also known as the Summer Davos Forum, in Dalian, Liaoning province, on Tuesday. Ren said the number of developing countries and emerging markets accounted for 56.7 percent of China's foreign trade partners, surpassing that of developed countries, while the exports of high value-added products like mechanical and electrical products have taken up about 60 percent of China's total exports. Data from the General Administration of Customs showed that China's total trade in goods reached 17.5 trillion yuan in the first five months of this year, up 6.3 percent year-on-year. Li emphasized that China's manufacturers should shift from exporting products to exporting industrial capacities, establish industry chains overseas and boost the development of local economies, so as to cope with changes in the global economic landscape amid rising trade protectionism.

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