Zhong Shan, Minister of Commerce; Wang Shouwen, Vice-Minister of Commerce and Deputy China Internatio
nal Trade Representative, and Vice-Minister of Commerce Qian Keming, answered questions on China’s domestic market and all-round opening-up at
a press conference during the second session of the 13th National People’s Congress on March 9, 2019.
China’s total social consumption in 2018 reached 38.1 trillion yuan, up 9 percent ye
ar-on-year, Minister of Commerce Zhong Shan said on Saturday during a media conference.
Consumption contributed 76.2 percent of last year’s economic growth, Zhong said.H
ope is rising for the Sino-US trade talks as both negotiation teams are trying their best to turn the consensus reac
hed between both countries’ leaders into reality, according to the Ministry of Commerce on Saturday.
Tariff hikes do no help any parties, Wang Shouwen, vice-minister of commerce, told a press conference during the two sessions on Saturday.
A mutually beneficial agreement between China an
d the United States will meet both countries’ interest and also the whole world’s expectation, Wang added.