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Foreign trade reached a new high, foreign capital utilization grew against the trend, and multilateral and bilateral economic and trade relations made breakthroughs

The development of China’s open economy is better than expected

On January 29, the Ministry of Commerce held a special press conference to introduce the business work and operation in 2020. China’s novel coronavirus pneumonia epidemic was severely impacted in 2020. In the face of the severe and complicated international situation, especially the new crown pneumonia epidemic, China has stabilized the basic foreign trade and foreign investment market, promoted consumption recovery, and achieved many new breakthroughs in bilateral economic and trade relations, and achieved a stable and favorable business development, better than expected in 2020. In 2021, the Ministry of Commerce will continue to promote consumption in an all-round way, improve the modern circulation system, expand high-level opening to the outside world, deepen bilateral and multilateral economic and trade cooperation, and ensure a good start in the 14th five year plan.

Foreign trade and foreign investment stabilized and improved

In 2020, China has made remarkable achievements in stabilizing foreign trade and foreign investment.

In terms of foreign trade, in 2020, the import and export of goods will reach 32.2 trillion yuan, an increase of 1.9%. The total scale and international market share will both reach record highs. The operation of foreign trade shows the characteristics of continuous enhancement of main body vitality, more diversified trading partners, more optimized commodity structure, and accelerated upgrading of service trade. Among them, one belt, one road, and ASEAN, APEC members increased 1%, 7% and 4.1% respectively, and the EU, the US, the UK and Japan increased by 5.3%, 8.8%, 7.3% and 1.2% respectively. Not only did China’s exports of high value-added products such as integrated circuits, computers and medical devices grow by 15.0%, 12.0% and 41.5% respectively, but it also provided more than 220 billion masks, 2.3 billion pieces of protective clothing and 1 billion copies of detection kits to more than 200 countries and regions, contributing to the global anti epidemic struggle.

In terms of foreign capital, the actual utilization of foreign capital in the whole year was 999.98 billion yuan, an increase of 6.2%. 39000 foreign-funded enterprises were newly established, making it the largest foreign capital inflow country in the world. The total amount, growth rate and global share of foreign capital were increased. Not only the scale of foreign capital was set to a new high, but also the structure of foreign capital was continuously optimized. Data show that foreign investment in high-tech industries reached 296.3 billion yuan, an increase of 11.4%. Among them, R & D and design, e-commerce, information services, medicine, aerospace equipment, computer and office equipment manufacturing and other fields performed eye-catching. A number of leading enterprises, such as BMW, Daimler, Siemens, Toyota, LG, ExxonMobil and BASF, have increased capital and expanded production in China.

“In particular, the scale of foreign trade and international market share have reached a record high, the status of the largest trading country has become more consolidated, and foreign capital has leaped to be the largest foreign capital inflow country. This fully illustrates the resilience of China’s foreign trade and foreign capital in the face of difficulties and challenges, and also reflects the resilience of China’s economic development from one side.” Chu Shijia, director of the comprehensive Department of the Ministry of Commerce, said.

 

The joint efforts of policy are indispensable

 

A series of policy “combo boxing” has contributed a lot to fostering opportunities in the crisis and opening up new situations in the changing situation.

 

According to Chu Shijia, in order to stabilize the basic situation of foreign trade and foreign investment, relevant departments have taken five measures: improving policy support, making full use of compliance policy tools, promoting the introduction of multiple batches of policies and measures; expanding the opening up, reducing the negative list items of foreign investment access in the national version from 40 to 33, and reducing the number of items in the pilot Free Trade Zone version from 37 to 30, and promoting the establishment of new Beijing and Hunan Three pilot free trade zones in South China and Anhui Province; accelerating the development of new business forms and new modes of foreign trade; adding 46 comprehensive pilot zones of cross-border e-commerce and 17 pilot markets for purchasing trade; holding the 127th and 128th Canton Fair Online; successfully holding the third China International Fair; supporting local governments to hold multiple, diversified and multi-mode online exhibitions; strengthening enterprise services and guiding local governments to provide support for key foreign trade enterprises One to one service, stabilize the core links of the supply chain of the industrial chain, carry out the whole process service for 697 key foreign-funded projects, smooth international logistics, promote the docking of transportation supply and demand, promote the establishment of “fast channel” for personnel exchanges, and facilitate the entry and exit of economic and trade personnel.

 

Zong Changqing, director of the Department of foreign investment of the Ministry of Commerce, said that the state not only timely issued the policies of helping foreign-funded enterprises to rescue and benefit, such as finance and taxation, finance and social security, but also issued a series of special policies to encourage foreign-funded enterprises to invest and facilitate entry and exit, effectively counteracting the impact of the epidemic.

 

Zong Changqing further pointed out that for China, the 14th five year plan will start in an all-round way, the new journey of building a modern socialist country will start in an all-round way, and China will continue to expand its high-level opening to the outside world. It can be said that the attraction of China’s super large-scale market to foreign investment will not change, the comprehensive competitive advantages in supporting industries, human resources, infrastructure and other aspects will not change, and the expectation and confidence of the vast majority of foreign investors in long-term investment and operation in China will not change.

 

Open up a new situation steadily

 

As for the foreign trade situation in 2021, Zhang Li, deputy director general of the Department of foreign trade of the Ministry of Commerce, said that the Ministry of Commerce will focus on “consolidating” and “improving” the foreign trade work. On the one hand, it will consolidate the foundation for the stability of foreign trade, maintain the continuity, stability and sustainability of policies, and firmly stabilize the basic situation of foreign trade and foreign investment; on the other hand, it will enhance the ability of foreign trade services to build a new development pattern To strengthen the comprehensive competitiveness of foreign trade. At the same time, we should focus on the implementation of the “excellent in and excellent out plan”, “trade industry integration plan” and “smooth trade plan”.

 

It is worth noting that the breakthrough of multilateral and bilateral economic and trade relations is injecting strong impetus into the development of open economy. For example, we have successfully signed the regional comprehensive economic partnership agreement (RCEP) to become the world’s largest free trade zone; we have completed the China EU investment agreement negotiations on schedule; we have put forward China’s plan to fight the epidemic and stabilize trade and investment in the UN, G20, BRICs, APEC and other mechanism platforms; we have signed the China Cambodia free trade agreement to promote China, Japan and South Korea, as well as with Norway, Israel, and the sea He also actively considered joining the comprehensive and progressive trans Pacific Partnership Agreement (cptpp).

 

Qian Keming said that in the next step, the Ministry of Commerce will improve the security guarantee system for opening up, use the internationally accepted rules to safeguard national security, and promote the steady development of opening up to the outside world. The first is to maintain the security and stability of the supply chain of the industrial chain, promote the supply chain of the industrial chain to make up the short board and forge the long board, and promote the liberalization and facilitation of trade and investment; the second is to improve the open regulatory mechanism, implement the export control law, foreign capital security review measures and other laws and regulations, strengthen the construction of the early warning system of industrial damage, and build an open security barrier; the third is to prevent and resolve major risks, and do a good job Risk study, judgment, control and disposal of key areas and key links. (reporter Wang Junling) source: overseas edition of people’s daily

Source: overseas edition of people’s daily


Post time: Feb-01-2021