However, the establishment of more FTAs requires not only efforts from China but also its trading partners, he added.

China had notable achievements in promoting multilateral trading in 2020, with the signing of the RCEP in mid-November and the conclusion of negotiations for the China-EU investment treaty at the end of the year.

With the RCEP to take effect soon, China will strengthen promotion and training on FTAs to ensure enterprises benefit more from them, according to Wang.