China has proposed four points to address the problems in the multilateral trading system at the United Nations Conference on Trade and Development. 
 
Chinese Assistant Minister of Commerce Yi Xiaozhun said in Sao Paulo on Tuesday that it is the shared aspiration and the responsibility of the international community to take full advantage of the opportunities and to cope effectively with the challenges brought about by globalization.

The four points are on the process of globalization, a multilateral trading system, regional economic cooperation and South-South cooperation.
 
(CRI June 16, 2004)