Higher-value exports lift China’s share of global trade: Ministry

BEIJING - The Ministry of Commerce says China is expected to account for 13% of the world’s total exports this year because it shipped more high-value products to both developed and emerging markets between January and November. If confirmed, the figure would mark a 0.6% increase from China’s proportion of global 2014 exports.

China’s exports of rail equipment, power and telecommunications products to developed markets rose 10% on-year in the first 11 months of 2015.

The China Daily quoted Ministry spokesman Shen Danyang as saying that despite foreign trade seeming “weaker than expected” due to lower global demand and rising production costs, China had “continued to optimise its range of products and approach to the global market” through new trade routes and regional co-operation arrangements.

He added: “The World Trade Organisation’s central role in global trade liberalisation should be maintained. All (WTO) members should stick to the Doha Round’s goal to create a balanced and feasible work plan to complete the talks.”  www.webershandwick.cn (ATI).