China’s Wang: World trade system not perfect, needs reform - Reuters

Dhwani Mehta FXStreet

Chinese State Councillor Wang Yi, Beijing’s top diplomat noted the following to reporters after meeting French Foreign Minister Jean-Yves Le Drian late-Thursday.

“China supports necessary reforms and perfection of the current system, including to the WTO, to make it fairer, more effective and more rational.”

“At the same time, we do not believe that the current system is perfect and without flaws,”

“The aim of reform should be to allow countries to enjoy the development fruits of globalization more fairly, not to further widen the differences between south and north.”

“The issue of WTO reform is extremely complex and involves many areas. (China) hopes all parties remain patient, and advance step by step.”

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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