Chen Deming meets the press Friday morning in Beijing on the sidelines of the First Session of the 12th National People's Congress.
Chinese Minister of Commerce Chen Deming held a press conference on the development of domestic and foreign trade and the promotion of economic cooperation on the sidelines of the First Session of the 12th National People's Congress (NPC), or the country's top legislative body, on Friday morning in Bejing.
Here are the highlights of the press conference:
• China maintains reasonable trade surplus
China has managed to keep its trade surplus at 3 percent of its GDP for the last two years, a reasonable level by international standards.
• Commerce minister denies stagnation in opening up
Minister of Commerce Chen Deming pledged that China will open even wider to the outside world.
• China asks major economies not to sharply devalue currencies
Chinese Minister of Commerce Chen Deming said that economies in the world should consider the spillover effect of their monetary policies and avoid drastic currency devaluation.
• Doha trade talks should be pushed forward
Chinese Minister of Commerce Chen Deming said that the Doha round of trade talks should be further promoted in formulating new rules on world trade.
• China urges EU to properly handle solar panel friction
Chinese Commerce Minister Chen Deming urged politicians and entrepreneurs of the European Union to properly handle the solar panel friction with China to avoid greater losses for both sides.
• No timetable for China-ROK-Japan FTA talks
China expressed patience in negotiations with the Republic of Korea (ROK) and Japan to establish a Free Trade Area in east Asia, saying that there is not a timetable for the FTA talks.
• Minister calls for transparency, inclusiveness in regional trade talks
Chinese Minister of Commerce Chen Deming said that regional and sub-regional trade negotiations should be transparent and inclusive.
• China's e-commerce revenue hits $175 bln in 2012
China's booming online commerce industry is expected to reap more than 1.1 trillion yuan (about 175 billion U.S. dollars) in revenue in 2012.
• China supports enterprises to defend legitimate rights overseas
Commerce Minister Chen Deming said that the Chinese government supports domestic firms investing overseas to safeguard their legitimate rights according to laws.
• China's commerce minister big fan of online shopping
Although many Chinese find it hard to personally connect with the country's leaders, a comment by Minister of Commerce Chen Deming has demonstrated just how similar their needs and wants are.