China will promote high-quality development of trade and strive to optimize its trade structure, according to a statement released after the 10th meeting of the central committee for deepening overall reform on Monday.
The statement called for promoting coordinated development between import and export, trade in goods and services, trade and two-way investment as well as trade and industries.
Chinese President Xi Jinping, also general secretary of the Central Committee of the Communist Party of China (CPC) and head of the central committee for deepening overall reform, presided over the meeting, saying that efforts should be made to strengthen the synergy, coordination and efficiency in advancing reform, and make institutions in all areas more mature.
A number of reform documents were reviewed and approved at the meeting, including a guideline on promoting high-quality development of trade, a guideline on supporting the reform and development of private enterprises, a guideline on enhancing social mobility of the labor force and talents, and a guideline on deepening the integration of advanced manufacturing and modern service industries.
To promote high-quality development of trade, the statement underscored the important role of the Belt and Road Initiative, which, proposed by Xi in 2013, aims to build trade and infrastructure networks connecting Asia with Europe and Africa along and beyond the ancient Silk Road routes.
Moreover, it stressed that an orderly flow of the labor force and talents can greatly support sustainable and healthy development of the economy, calling for efforts to get rid of institutional defects that hinder social mobility.
The statement spoke highly of the progress made in reforms since the Third Plenary Session of the 18th CPC Central Committee in November 2013 and urged a coordinated approach to advancing the reforms to bring about “chemical reactions” among them so that the efficiency of governance can be enhanced.
Li Keqiang, Wang Huning and Han Zheng, all members of the Standing Committee of the Political Bureau of the CPC Central Committee and deputy heads of the central committee for deepening overall reform, also attended the meeting.