Chinese commerce ministry to focus on domestic consumption in 2021 as US trade war fades from priorities China’s new commerce minister Wang Wentao. Photo: Handout
China s commerce ministry will focus on domestic consumption next year as the trade war with the United States falls down the list of priorities.
A statement about its nationwide work meeting on Saturday, the first meeting chaired by the new minister Wang Wentao, stressed the importance of the domestic market, a key element of the new dual circulation strategy.
The ministry said: We will step up domestic demand, try to drive up consumption potential, build a modern circulation system, clear obstacles to domestic circulation and eventually form a strong domestic market.
By Yuan Yuan · 2020-07-27 · Source: NO.31 JULY 30, 2020
An aerial view of fishing boats on the banks of the Yangtze River in Baishuigang Village, Hubei Province, central China, on January 2 (XINHUA)
After bidding farewell to fishing, Zhao Zelun now spends more time on his farm and his newly renovated guesthouse on Zhongba Island in Chongqing Municipality in southwest China.
For nearly three decades, Zhao made a living as a fisherman on the Yangtze River. But in 2010, he started thinking of going offshore as the number of fish began to dwindle. When Zhao first began fishing in the early 1990s, it was a different story; he could easily catch hundreds of kilograms of fish in one trawling. But in recent years, he could hardly get one 10th of that.
China is expanding its efforts to develop the southern Hainan island into a globally significant free trade port by creating an enabling business climate and facilitating investment.
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