China says it will focus on high-tech growth to boost foreign trade

China’s State Council on Monday issued guidelines on how to boost foreign trade, instructing all state agencies to use an increased focus on domestic innovation to boost exports of high-tech products while stabilizing supply chains in China. The State Council document, “Implementation Opinions of the General Office of the State Council on Promoting the Innovative Development of Foreign Trade,” was drafted on Oct. 25 and issued on Monday. The guidelines discuss adhering “to the new development concept” -- referring to...