The weak economic data suggests that the investment-driven model has lost its luster in China. The task ahead of the country is to maintain stable growth in foreign trade while engaged in necessary restructuring.

It is noteworthy that progress achieved in free-trade agreements (FTA) has become one of the highlights of foreign trade cooperation. FTA negotiations with Iceland and Switzerland have achieved new breakthroughs, and advances have also been made in bilateral and trilateral FTA talks with South Korea and Japan.

The ministry will soon roll out support measures to ensure positive growth. The general principle will focus on building a foreign trade environment which is not only import-friendly and conducive to structural adjustment, but also favorable for exporters to realize stable growth, reduce costs, tap into new markets and make full use of comprehensive advantages in technology, brand, quality and service.

"China’s foreign trade performance remains the best among the major economies,”  said Shen Danyang, spokesman for China’s Ministry of Commerce, and he estimated a slightly higher year-on-year growth.

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