Chinese companies to travel abroad for trade deals

Monday, January 15, 2024

PRESIDENT XI(Credit: PBS)

China plans to arrange overseas trips for a large number of foreign trade companies in 2024 to help them make deals and expand their markets.

The China Council for the Promotion of International Trade (CCPIT) said on Monday that it would arrange for more than 1,000 groups of enterprises to visit foreign countries this year.

According to the CCPIT, the groups would participate in exhibitions, conduct market research and hold business talks during their visits.

It said the foreign visits would prioritise important trade and economic partners such as Europe, North America, Japan, South Korea, the Association of Southeast Asian Nations and Latin America.

CCPIT head Ren Hongbin said at a national meeting on foreign trade promotion that the council would further assist Chinese firms in expanding their overseas markets in 2024.

Official data shows that China’s foreign trade stood at ¥41.76 trillion ($5.88 trillion) in 2023, up 0.2 per cent year-on-year in yuan terms. 

(Xinhua/NAN) 

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