July 18, 2025

China's commerce has withstood wave after wave of challenges, passing the test of history over the 14th Five-Year Plan period (2021-25), as key targets in areas such as consumption, foreign trade, foreign investment, and outbound investment cooperation have progressed as expected, major tasks have been advanced smoothly, and significant progress has been made in the high-quality development of commerce, Minister of Commerce Wang Wentao said at a press conference when summarizing the achievements during the period on Friday in Beijing. 

From consumption vitality to trade resilience, multiple sets of data unveiled at the press conference showcased the country's strength in domestic market advantage and the significantly enhanced resilience and shock resistance of foreign trade. 

Vast market potential 

Speaking about the domestic market, Wang highlighted the strengthened role of consumption as a primary engine and stabilizer, with China's robust domestic market showing clear advantages. 

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