An event on processing trade innovation and regional cooperation was held in Guangzhou on Oct. 15. MOFCOM official Zhang Li said processing trade remains a key component of China’s foreign trade and open economy. MOFCOM said processing-trade innovati

2026-10-16

An event on processing trade innovation and regional cooperation was held in Guangzhou on Oct. 15. MOFCOM official Zhang Li said processing trade remains a key component of China’s foreign trade and open economy. MOFCOM said processing-trade innovation made significant gains during the 14th Five-Year Plan and that through the 15th Five-Year Plan and beyond it will be used to respond to global supply-chain restructuring, support industrial upgrading, cultivate new export drivers, advance regional coordination and bolster employment. MOFCOM will continue to promote processing-trade innovation, aiming to raise value-chain position, strengthen supply-chain resilience, deepen regional cooperation, enhance policy management capacity and boost firms’ competitiveness.