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Ministry of Commerce: There are three favorable conditions for foreign trade development this year

  • Categories:Industry News
  • Author:China Economic Net
  • Origin:
  • Time of issue:2020-09-15
  • Views:

Ministry of Commerce: There are three favorable conditions for foreign trade development this year

  • Categories:Industry News
  • Author:China Economic Net
  • Origin:
  • Time of issue:2020-09-15
  • Views:

Economic Daily, Beijing, May 27 (Reporter Feng Qiyu) The Ministry of Commerce recently released the "Report on China's Foreign Trade Situation (Spring 2019)" that in the first quarter of this year, China's foreign trade was generally stable and the structure continued to be optimized. The situation faced by foreign trade development throughout the year is complex and severe, and uncertainties and unstable factors have increased. However, it must be noted that China’s foreign trade development still has strong support and there are three favorable conditions.

One is the continuous optimization of the foreign trade policy environment. In recent years, China has implemented an active import promotion strategy, actively expanding imports, and promoting the balanced development of foreign trade. In 2019, China will step up its efforts to support the import of advanced technologies, important equipment and key parts and components, and further improve policies and measures such as parallel imports of automobiles to add momentum to the expansion of imports.

Second, domestic high-quality development drives the steady improvement of foreign trade. At present, China's economy has shifted from a stage of rapid growth to a stage of high-quality development. The Chinese government adheres to the supply-side structural reform as its main line, promotes domestic economic transformation and upgrading and industrial structure optimization and adjustment, and promotes China's industry to move toward the high-end of the global value chain. Domestic industrial upgrading and the rapid development of strategic emerging industries drive the import and export of related products and technologies, and promote a more optimized foreign trade structure.

The third is the adjustment of foreign trade structure and the acceleration of power conversion. The Chinese government has steadily promoted the building of a strong trade country and promoted the optimized development of foreign trade structure. Vigorously promote the transformation and upgrading of processing trade, support the central and western and northeastern regions to undertake gradient transfers, and promote the development of new business formats such as bonded maintenance of processing trade. Continue to cultivate new advantages in foreign trade, continue to explore the endogenous driving force of foreign trade development, and steadily promote 35 cross-border e-commerce comprehensive pilot zones and 14 market procurement trade mode trials. New forms and models of foreign trade are becoming a new driving force for the steady growth of foreign trade.

The report pointed out that looking forward to the whole year of 2019, the environment facing China's foreign trade development is still complex and severe. At the same time, it must be noted that China's foreign trade endogenous power continues to increase, and various measures to support foreign trade to stabilize scale, improve quality, and rotate power continue to be implemented. , The policy effect will continue to appear.

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