"Need to Strengthen Competitiveness of Promising Export Items and Intermediate Goods to China"

Deputy Prime Minister Choo Kyung-ho Holds Meeting with Chinese Economic Experts

Chinese economic experts suggested on the 7th that we need to establish a more meticulous comprehensive export strategy, including discovering promising export items to China and strengthening the competitiveness of intermediate goods.

On the same day, Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho held a meeting with major research institutes, academia, and private-sector Chinese economic experts at the Government Seoul Office Building.

At the meeting, Deputy Prime Minister Choo said, "China is one of the major powers and our country's largest trading partner, having a significant impact not only on the global economy but also on our economy. In the rapidly changing global situation and economic environment, it is necessary to continuously and closely monitor and analyze China's policies announced through the Two Sessions and the economic trends following the reopening."

The experts attending the meeting viewed that China's reopening would generally have a positive effect on our economy, such as expanding export opportunities to China. However, they emphasized the need to establish a comprehensive export strategy, calling for a sophisticated response strategy through strengthened communication with companies to minimize threats to our economy and maximize opportunities.

Deputy Prime Minister and Minister of Economy and Finance Choo Kyung-ho is delivering opening remarks at the Expert Meeting on Current Chinese Economic Issues held at the Government Seoul Office Building on the 7th.

This content was produced with the assistance of AI translation services.