China Pledges No New WTO Privileges, Boosts Reform for Developing Nations
At UNGA, China pledges not to seek new WTO special treatment, signaling a push for reform and solidarity with developing nations.
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At UNGA, China pledges not to seek new WTO special treatment, signaling a push for reform and solidarity with developing nations.
Chinese Premier Li Qiang said China will no longer seek new SDT in WTO talks, marking a shift toward greater responsibility and fairness in global trade.
The Chinese mainland’s services trade hit 4.58 trillion yuan in Jan–Jul 2025, up 8.2%, driven by travel, digital services and e-commerce, marking a robust recovery for global mobility and online trade.
At the 2025 SCO Summit in Tianjin, Chinese President Xi Jinping announced China’s cumulative trade with SCO nations has reached $2.3 trillion, driven by Belt and Road projects and rail links.
Kazakhstan’s Trade and Integration Minister Arman Shakkaliyev outlines plans to streamline customs and boost industrial ties, aiming to double bilateral trade to $80B with the Chinese mainland by 2030.
CCPIT’s August briefing shows the Global Trade Frictions Index eased in June, while July saw a 10.8% jump in commercial certificates—a sign of strong momentum in the Chinese mainland’s trade.
China has become a top-three trading partner for 157 countries and regions, highlighting its growing global trade influence during the 14th Five-Year Plan.
China’s trade with SCO states has surged 30-fold since 2001, hitting 3.65T yuan in 2024 as Tianjin prepares for the SCO Summit.
China pledges to sustain steady, high-quality foreign trade growth amid global uncertainties, with trade in goods hitting ÂĄ25.7 trillion ($3.6T) in Jan-July 2025, up 3.5%.
China’s trade with SCO states hit $247.7B in H1 2025, driven by machinery exports, energy imports and booming digital and green partnerships.