The China Council for the Promotion of International Trade will enhance the quality and effectiveness of the "Thousand Groups Going Global" initiative.

People’s Finance News, March 31—Facing complex and severe international trade conditions, the national trade promotion system has continued to step up efforts to stabilize foreign trade. Reporters learned at the China Council for the Promotion of International Trade’s March regular press conference on the 31st that the China Council for the Promotion of International Trade will improve the quality and effectiveness of its “Thousand Groups Going Global” initiative, support enterprises in going overseas to participate in exhibitions and organize exhibitions abroad, and coordinate efforts to help enterprises go global to expand markets and plan global industrial layouts. The newly revised Law of the People’s Republic of China on Foreign Trade has been officially implemented since March 1. In particular, Chapter 9, as a dedicated chapter, provides for the promotion of foreign trade, clarifying that “the China International Trade Promotion Organization carries out external contacts, organizes exhibitions, provides information, consultation services, and other foreign trade promotion activities in accordance with its charter.” (Xinhua News Agency)