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my country's status as an economic and trade power is increasingly consolidated

  • Categories:Industry News
  • Author:People's Daily
  • Origin:
  • Time of issue:2020-09-15
  • Views:

my country's status as an economic and trade power is increasingly consolidated

  • Categories:Industry News
  • Author:People's Daily
  • Origin:
  • Time of issue:2020-09-15
  • Views:

Our newspaper, Beijing, September 29 (Reporter Luo Shanshan) On the 29th, the Press Center held a press conference to celebrate the 70th anniversary of the founding of the People's Republic of China. Minister of Commerce Zhong Shan, Vice Minister and Deputy Representative of International Trade Negotiations Wang Shouwen, and Vice Minister Qian Keming introduced the situation of "promoting a higher level of opening up and promoting high-quality business development" and answered reporters' questions.

"Over the past 70 years, my country has undergone earth-shaking changes, and business has also made brilliant achievements. Especially since the 18th National Congress of the Communist Party of China, my country’s status as a major economic and trade country has been further consolidated, and the high-quality development of commerce has steadily advanced, which has made important contributions to economic and social development. Contribution." Zhong Shan said.

There are five aspects in this main body——

Consumption level has increased substantially. After 70 years of development, my country's supply of goods and services has become increasingly abundant, and the scale of consumption has continued to expand. The total retail sales of consumer goods has increased from 27.7 billion yuan in 1952 to 38 trillion yuan in 2018. my country has become the world's second largest consumer market.

Foreign trade ranks first in the world. my country's total import and export volume has grown from US$1.13 billion in 1950 to US$4.6 trillion in 2018, becoming the world's largest trading country. At the same time, the trade structure has been continuously optimized, mechanical and electrical products and high-tech products have become the main exporters, and private enterprises have become the main force in foreign trade.

Attracting foreign investment to enter the forefront of the world. From special economic zones and development zones to pilot free trade zones and free trade ports, from positive list to negative list management, and from the "Three Foreign Investment Laws" to the "Foreign Investment Law", my country's door to opening wider and wider and the business environment more open The better the future, China has become a hot spot for foreign investment. The scale of the use of foreign investment continues to expand. In 2018, my country absorbed US$138.3 billion in foreign investment, ranking second in the world.

Foreign investment cooperation came from behind. In 2018, foreign direct investment reached US$143 billion, ranking second in the world. By the end of last year, my country's foreign investment stock was close to US$2 trillion, and there were 43,000 overseas Chinese-funded enterprises.

The ability to participate in global economic governance has been continuously enhanced. The joint construction of the "Belt and Road" initiative has received positive responses from more than 160 countries and international organizations, and has also been highly praised by the international community. my country supports the multilateral trading system and promotes the reform of the World Trade Organization. my country has signed 17 free trade agreements, voiced China’s voice on platforms such as the G20, APEC, and BRICS, put forward China’s proposals, promoted the construction of an open world economy, and promoted the building of a community with a shared future for mankind.

Zhong Shan said that in the first eight months of this year, my country’s total import and export value of goods trade was 20.1 trillion yuan, a year-on-year increase of 3.6%. The next step is to work hard on the implementation of stable foreign trade policies, work hard on high-quality development, strengthen scientific and technological innovation, system innovation, model innovation and business format innovation, strengthen general trade, upgrade processing trade, and develop other trade. At the same time, actively expand imports, vigorously develop service trade, and cultivate new advantages in foreign trade competition.

Regarding the joint construction of the “Belt and Road” initiative, Qian Keming said that in recent years, China’s trade volume with countries along the “Belt and Road” has accounted for an increasing proportion of the total foreign trade, and the quality is also improving. China has established bilateral investment cooperation working groups with 37 countries, established unblocked trade working groups with 5 countries, established e-commerce working mechanisms with 19 countries, and signed cooperation agreements in third-party markets with 14 countries.

Wang Shouwen said that in the first half of this year, China’s economic growth rate reached 6.3%, and domestic consumption contributed 60%. This shows that China has a huge market, which is very attractive to foreign investment. In terms of the construction of pilot free trade zones, from January to July this year, the 12 pilot free trade zones established in the early stage attracted 14% of the country’s foreign investment and 13% of the country’s imports and exports with an area of ​​less than 4‰ of the national territory. From the perspective of the pilot layout, the current layout of the free trade pilot zone has covered China's east, west, south, north and middle, serving the construction of the "Belt and Road", the coordinated development of Beijing, Tianjin and Hebei, the development of the Yangtze River Economic Belt, the construction of the Guangdong-Hong Kong-Macao Greater Bay Area, and the integration of the Yangtze River Delta National strategies such as the development of globalization, but also serve for the rise of central China, the development of the west, and the revitalization of the Northeast. From the perspective of the pilot tasks, more than 200 reproducible and extendable experiences have been formed in the pilot free trade zone, which can be replicated and promoted in other parts of the country.

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