China's future role in global trade

Despite China's gaining of the global laurel in trade of goods, the country has come to a critical point to upgrade the "Made in China" label linked with low tech and high emission.

For China's foreign trade, a smooth transition to quality growth from the past quantity-featured glory holds key to its future boom and even for the sustainability of the overall Chinese economy.

In the months to come, major world economies will have to continue their battle against slow growth amid debt problems and the trend will remain that powers cooperate with and compete against each other at the same time.

With its huge market demand, vast growth prospect and the imagination surrounding its economic restructuring, China has quite a set of bargaining chips in the negotiations toward a reset of global trade rules.