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Thursday, November 29, 2018, 21:07
China urges G20 to protect free trade, multilateral trade system
By Xinhua
Thursday, November 29, 2018, 21:07 By Xinhua

In this Nov 27, 2018 photo, a man rides a bicycle past a banner of G20 summit outside the Costa Salguero Center in Buenos Aires, Argentina. (LI MING / XINHUA)

BEIJING – 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 Ministry of Commerce (MOC) said on Thursday.

MOC spokesperson Gao Feng called on member countries of the Group of 20 (G20) to work together to help build an innovative, 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 uncertainties to global economic growth, which calls for cooperation from all parties, he said.

READ MORE: Support vowed for G20 in protecting multilateralism

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, he noted.

China hopes to conduct sincere, in-depth and constructive dialogue with all members on international trade and other issues, said Gao.

ALSO READ: Argentine minister: Xi's visit to further strengthen ties

In response to the China-US economic and trade issue, Gao said that teams of the two sides are in contact to push the implementation of the consensus reached by the presidents of the two nations.

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