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Private companies played a significant role in propelling trade growth, with their foreign trade expanding by 10.5 percent in the first 10 months to account for 46.2 percent of the country's total, GAC data showed.
Xia Tao called for deepening high-standard opening up in the Yangtze River Delta area to help ensure sound implementation of the new development pattern.
Indeed, even amid the pandemic, the EU has shown great investment confidence in China. On Sept. 28, Volkswagen Group China (VGC), a subsidiary of German automotive manufacturer Volkswagen Group, announced its plan to invest some 15 billion euros (17.5 billion U.S. dollars) together with its joint ventures in e-mobility in China from 2020-2024.
The country will make full use of both domestic and international markets to promote the coordinated development in cultivating domestic and overseas demand, boosting imports and exports, making inbound and outbound investment and generally maintaining the balance of international payments.
Local government should rev up the integration of online and offline consumption, promote the coordinated growth of new and traditional consumption and fuel economic growth with consumption potential, Li said.
来源：资阳报