China's first bulk commodity resource allocation hub was launched in Zhejiang province on Dec 4.

The launch ceremony coincided with a high-level conference in Zhejiang focused on advancing the province's global trade strategy and enhancing its role as a hub for international commerce.

Officials emphasized the importance of optimizing resource allocation, strengthening global connectivity, fostering institutional innovation, and boosting international competitiveness, with a commitment to providing top-tier services, reducing costs, and improving efficiency.

The province's plans include:

Enhancing trade platforms to align with high-standard international trade rules and attract global resources.

Expanding innovative trade models to drive new growth in foreign trade.

Using high-profile exhibitions to connect industries and promote trade.

Supporting the development of world-class enterprises and high-value industries to improve the global competitiveness of Zhejiang's industrial and supply chains.

Creating a world-class business environment that is market-oriented, law-based, and international.