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China has been known as the world's factory, the largest exporter of goods and a major buyer of resources and commodities in the international market. Now the country is preparing itself for major shifts in global trade. It's poised to pursue a more balanced growth by boosting trade in services with the rest of the world.
China has made significant headway in opening up its financial sector over the past 40 years, but the pace of reform hampers the healthy operation of the economy, the China Finance 40 Forum (CF40) said in its latest Jingshan Report.
China has more than 100 million market entities, with the majority being small and medium-sized enterprises (SMEs), which provide over 80 percent of the nation's total jobs. However, they were also hit hardest by the epidemic.
China has been ramping up efforts to facilitate the reform on streamlining the approval process of trademark applications and improve the quality and efficiency of intellectual property review procedures.
China has been working to translate its growing economic might into real influence in the ways of having greater voices in global price-setting and making its currency play a bigger role on the global stage.
来源：资阳报