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The article covers the 15th Five-Year Plan's proposals on high-level opening up and consumption boost, featuring an interview with Commerce Minister Wang Wentao on their significance and key implementation tasks.
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The 2025 Boao Forum for Entrepreneurs (Dec 2-5) is held in Boao, Hainan, themed "Linking the World, Leading the Future: New Opportunities for the 15th Five-Year Plan". Hainan Free Trade Port will launch island-wide customs operation on Dec 18. Xinhua News Agency co-hosts the forum, emphasizing enterprises' roles in real economy, innovation and green transformation.
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Tan Sen, President of the US China Business Council, said tariffs haven’t helped the US economy or American companies’ global competitiveness. US reducing some tariffs acknowledges they push up US domestic prices. SMEs are most affected. He refuted claims of US companies leaving China, noting their long-term presence and investment. He hopes US and China focus on joint contributions to the region and world.
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On December 4, a spokesperson for China's Ministry of Commerce stated the EU's decision to terminate its WTO dispute case against China is the right choice, noting the EU lacked basis for initiating the case. China strictly adheres to WTO rules and will continue to uphold the rules-based multilateral trading system.
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On Dec 4, China's Commerce Ministry spokesperson He Yadong said if Japan persists in unilateral actions (including erroneous Taiwan-related remarks), China will take necessary measures. He noted Japan bears responsibility for harming China-Japan ties, emphasized China's open policy, huge market potential, and welcomes foreign (including Japanese) investment.
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The 8th China International Import Expo (CIIE) is held in Shanghai from November 5 to 10. Shanghai prepares with spillover linkage projects (policy package, tourism, shopping), customs clearance measures, tax services, and city beautification/police facilitation for global participants.
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Five directly affiliated customs in the Yangtze River Delta implement the "Smart+Yangtze River Delta" brand matrix, innovating supervision/services to boost high-quality integrated development. In 2025 Jan-Oct, the region’s import/export reached 14tr yuan (up 6% YoY, 37.5% of national total), supported by smart logistics, industrial synergy, and efficient clearance.
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On December 1, 2025, Taicang Customs supervised CCTV broadcasting vehicles shipped from Taicang Port to Milan/Cortina for 2026 Winter Olympics, using ATA Carnet for efficient clearance to produce UHD signals, showcasing Chinese media tech.
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In 2025, China's economy maintains stable growth amid complex global environment—GDP expected to hit 140 trillion yuan, innovation (quantum tech, aerospace) drives new growth, foreign investment increases, high-quality development solidifies, supporting global economy.
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At the 2025 Forum from the Capital in Guangzhou, speakers discussed world economic trends amid trade and tariff conflicts, covering anti-globalization impacts, China’s free trade stance, China-South America cooperation (lithium, tech), global governance reform, and WTO repair to restore multilateral authority.
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UNCTAD released its 2025 Trade and Development Report on Dec 2, noting financial volatility and geopolitical uncertainty pressure global trade/investment. Global growth slows to 2.6% in 2025; developing economies grow 4.3% but face higher financing costs. UNCTAD proposes reforms to reduce financial fragility and strengthen trade-finance synergy.
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On the WTO's 30th anniversary, the multilateral trading system faces protectionism challenges. Global trade shows resilience via open cooperation, refactoring with developing economies and digital trade growth. China upholds multilateralism to promote stable global economic cooperation.
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