Economic globalization is the trend of the times, and efforts should be made to safeguard global free trade and the multilateral trade system, China's Ministry¹ of Commerce (MOC) said Thursday.

 

中国商务部周四表示，经济全球化是大势所趋，全球自由贸易秩序和多边贸易体制应该得到有效维护。

 

MOC spokesperson Gao Feng called on member countries of the Group of 20 (G20) to work together to help build an innovative², inclusive and open world economy and push for positive and pragmatic economic and trade results at the upcoming G20 summit in Argentina.

 

Rising protectionism and unilateralism has brought uncertainties³ to global economic growth, which calls for cooperation from all parties, he said.

 

China is willing to work with Argentina and other parties in strengthening cooperation in trade and investment, keeping markets open and exploring new drivers for growth, Gao said.

 

The combined GDP of the G20 members accounts for 86 percent of the world's total, while their trade volume accounts for nearly 80 percent of global trade, Gao noted⁴, adding that China hopes to conduct sincere, in-depth and constructive⁵ dialogue with all members on international trade and other issues.

 

In response to the China-U.S. economic and trade issue, Gao said that teams of the two sides are in contact to push the implementation⁶ of the consensus⁷ reached by the presidents of the two nations.

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