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China is taking further steps to ensure stable foreign trade and investment, as international trade and the world economy are severely hit by the COVID-19 outbreak, the Ministry of Commerce said on Monday.
China is a large market for global alcohol consumption. However, Chinese baijiu (clear distilled liquor) consumption dropped sharply due to the epidemic. As a result, liquor companies are under great pressure. There might be large consumption demand for baijiu and wine after the epidemic. Some liquor merchants said they have a large amount of liquor in storage, so they are confident of meeting pent-up demand.
China has become a major engine for world economic recovery and growth, contributing nearly 30 percent on average to global economic growth every year, said Wang at the briefing in Geneva.
China hopes to finalize negotiations on the Regional Comprehensive Economic Partnership in 2019 to reach a high-level and mutually beneficial free trade pact, Premier Li Keqiang said on Tuesday in Singapore.
China is now transforming from the phase of rapid development to a new stage of high-quality development and shifting its focus to nurturing technological innovation and further opening up its economy.
来源：资阳报