In November this year, President Xi Jinping pointed out in his written speech at the APEC Business Leaders Summit: “China has become synonymous with the best investment destination. The next ‘China’ will still be China. Friends from the business community from all over the world are welcome to continue to invest in China.” , Deeply cultivate China!”
The sonorous words conveyed the determination to firmly promote high-level opening up to the outside world and demonstrated that the basic trend of my country’s economic recovery and long-term improvement has not changed.
Since the beginning of this year, under the strong leadership of the Party Central Committee with Comrade Xi Jinping at its core, all regions and departments have withstood external pressure and overcome internal difficulties. In November, export volume ended a six-month decline, and import trade volume remained positive for 10 consecutive months. Growth; the scale of actual use of foreign capital is at a historical high, and the investment structure is constantly optimized. The smooth operation of foreign trade and foreign investment has played an important role in the recovery of the macro economy. China remains the largest engine of global growth.
The Central Economic Work Conference proposed: “We must accelerate the cultivation of new momentum for foreign trade and consolidate the basic foundation of foreign trade and foreign investment” and “continue to build a market-oriented, legal and international first-class business environment and create the ‘Invest in China’ brand.”
The broad masses of cadres and the masses expressed that it is necessary to thoroughly implement the spirit of General Secretary Xi Jinping’s important speech, study and implement the spirit of the Central Economic Work Conference, expand high-level opening up to the outside world, further promote the stability and improvement of foreign trade development, make greater efforts to attract and utilize foreign investment, and continue to use high-level Quality development provides the world with new impetus and new opportunities, and injects strong momentum into building an open world economy.
The basic trend of my country’s economic recovery and long-term improvement has not changed
General Secretary Xi Jinping pointed out: “China has the institutional advantages of a socialist market economy, the demand advantage of a super-large market, the supply advantage of a complete industrial system, and the talent advantage of a large number of high-quality workers and entrepreneurs. It has strong endogenous sources of economic development. Motivation, resilience, potential.”
Not long ago, Starbucks China Coffee Innovation Industrial Park was put into operation in Kunshan, Jiangsu. “China is Starbucks’ largest and fastest-growing market in the world.” Starbucks Global CEO Na Sihan said that it is expected that by 2025, Starbucks will have 9,000 stores in China.
Since the beginning of this year, the recovery of global trade and investment has been sluggish, and demand in major markets has been sluggish, putting my country’s foreign trade and foreign investment under pressure. To cope with the difficulties, a series of policies to stabilize foreign trade and foreign investment were launched.
In April, the General Office of the State Council issued the “Opinions on Promoting Stable Scale and Optimal Structure of Foreign Trade.” Subsequently, relevant departments introduced measures to promote the development of cross-border e-commerce overseas warehouses, develop processing trade, promote new energy vehicle trade, and expand imports, forming a “1+N” policy system to fully promote the stable scale and optimized structure of foreign trade. In July, the State Council issued the “Opinions on Further Optimizing the Foreign Investment Environment and Increasing Efforts to Attract Foreign Investment.” In December, the General Office of the State Council issued “Several Measures on Accelerating the Integrated Development of Domestic and Foreign Trade” to enhance the linkage effect of domestic and international dual cycles. The Ministry of Commerce has established a roundtable system for foreign-funded enterprises to fully understand the demands of foreign-funded enterprises and help stabilize the confidence of foreign investment in China.
Policies have been implemented accurately, companies have taken the initiative, and foreign trade and foreign investment have shown strong resilience. In November, my country’s total import and export volume increased by 1.2% year-on-year, maintaining positive growth for two consecutive months. In the first three quarters, the total export volume of new energy vehicles, lithium batteries, and photovoltaic products was 798.99 billion yuan, a year-on-year increase of 41.7%. In the first ten months, the actual use of foreign investment in high-tech manufacturing increased by 9.5%.
The sixth China International Import Expo saw a record high of intended transactions, and the first China International Supply Chain Promotion Expo signed more than 200 cooperation agreements and intention agreements…from the Consumer Expo and the Canton Fair to the Service Trade Fair, the China International Import Expo, and then to the Digital Trade Fair , Chain Expo, exhibitions are held one after another to build consensus on development. Foreign-funded enterprises generally say that the Chinese market is not an “optional” but a “must-have” and they will continue to increase investment in China, deeply explore the Chinese market, and share the growth opportunities brought by China’s high-quality development.
The “Research Report on China’s Foreign Investment Business Environment in the Third Quarter of 2023” recently conducted by the China Council for the Promotion of International Trade of 700 foreign-funded companies shows that 80% of the foreign-funded companies surveyed expect their profits to be flat or increase this year, based on the current status and expectations of their operations in China. Increase, nearly 90% expect profits to be flat or increase in the next five years.
Lin Meng, director of the Modern Supply Chain Research Institute of the Ministry of Commerce Research Institute, said that my country’s economy has strong resilience, sufficient potential, and wide room for maneuver. The basic trend of economic recovery and long-term improvement has not changed. China is still the largest engine of global growth and will It provides strong driving force for the world economy and provides broader market opportunities for enterprises from all over the world.
Build a new higher-level open economic system
General Secretary Xi Jinping emphasized that “promoting reform and development through openness is an important magic weapon for my country’s modernization drive to continuously achieve new achievements.” “We must be more proactive in aligning with high-standard international economic and trade rules, and steadily expand institutional opening up such as rules, regulations, management, and standards. , accelerate the creation of a new highland for opening up to the outside world, build a new higher-level open economic system, and accelerate the construction of a new development pattern.”
Recently, in the Hainan Yangpu Bonded Port Zone, the first batch of imported beef processing products produced by Hainan Hongyan Food Co., Ltd. successfully left the zone. This is the first beef processing value-added business in Yangpu Bonded Port Zone. As an important policy in the construction of Hainan Free Trade Port, the duty-free processing value-added has been expanded from the Yangpu Bonded Port Area to help Hainan build an important intersection of domestic and international dual circulation.
Since the beginning of this year, my country has released 24 policies and measures to stabilize foreign investment, taken the lead in piloting the integration of relevant international high-standard economic and trade rules in five pilot free trade zones and the Hainan Free Trade Port, and announced eight actions to support high-quality joint construction of the “Belt and Road”. The pilot trade zones were upgraded and expanded to 22… A series of solid measures continue to open up new space for wider opening up.
Foreign investment access has been further relaxed and opening-up has been strengthened.
Recently, HSBC China, Hang Seng China, Standard Chartered China, etc. have announced the launch of digital RMB business, becoming the first foreign banks to launch digital RMB business. “The breadth and depth of China’s financial opening-up continues to expand, providing us with continuous development opportunities to expand our business in the Chinese market.” said Zhang Xiaolei, President of Standard Chartered Bank (China) Co., Ltd.
Within the planning scope of the Shanghai Pilot Free Trade Zone, we will take the lead in building an institutional system and regulatory model that are connected with high-standard economic and trade rules, and create a national institutional open demonstration zone; the State Council has approved the “Supporting Beijing to Deepen the Construction of a Comprehensive Demonstration Zone for the Expansion and Opening-up of the National Service Industry” Work Plan”, proposing more than 170 pilot tasks… At present, the number of comprehensive pilot projects to expand the opening up of my country’s service industry has been expanded to 11, and 7 rounds of 15 pilot plans and more than 1,300 pilot tasks have been launched. The opening up of the service industry has accelerated.
Deepen economic and trade exchanges and cooperation, and improve opening-up measures.
On December 2, in Nanning, Guangxi, the first batch of 54 Malaysian tourists enjoying the visa-free policy began their journey to China. “Because it is visa-free, it is more convenient for us to do business in China.” said a Malaysian businessman.
Since the beginning of this year, the Ministry of Commerce has held multiple roundtable meetings with foreign-invested enterprises to establish a list of issues reported by foreign-invested enterprises and strengthen tracking and supervision; the State Administration of Foreign Exchange has launched 9 policies and measures to promote cross-border trade and investment and financing facilitation; market supervision The General Administration has implemented refined reforms in annual reports across the country to reduce the interruption of undifferentiated annual reports to foreign-invested enterprises… Various departments are working hard to open up the barriers for foreign investors to use financial, medical, Internet payment and other services in China, and create better conditions for bilateral and multilateral economic and trade exchanges and cooperation. .
Promote global connectivity, development and prosperity, and achieve a higher level of openness.
On December 5, 7.9 tons of “Little Red Star” hawthorn grown by farmers in Laiwu, Shandong Province, successfully cleared customs at Laem Chabang Port in Thailand. This marks the first time that fresh hawthorn from my country has entered the Thai market. “We actively promote the docking of rules to help companies export more of their specialty products abroad,” said Li Guang, director of Laiwu Customs.
China is implementing the Regional Comprehensive Economic Partnership Agreement with high quality, actively aligning the high-standard economic and trade rules of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Digital Economy Partnership Agreement, actively promoting the process of joining the two agreements, and expanding its global exposure A high-standard free trade zone network will inject greater impetus into global connectivity and promote development and prosperity.
Chinese-style modernization provides new opportunities to promote the modernization of countries around the world
General Secretary Xi Jinping pointed out, “We will adhere to high-quality development, promote high-level opening up, and use Chinese-style modernization to provide new opportunities to promote the modernization of countries around the world.”
With firm confidence and forging ahead, all regions and departments will coordinate the promotion of in-depth reforms and high-level opening up, continue to release the dividends of openness, and allow development results to benefit people of all countries more and more equitably.
China’s big market has become a big market shared by the world.
“China is accelerating green development and bringing new market opportunities. We will join hands with more Chinese companies to embrace new green opportunities and help achieve the ‘double carbon’ goal.” Xu Yiming, Director of Marketing and Public Relations Department of Toyota Motor (China) Investment Co., Ltd. explain.
“Closely following changes in consumer demand and complying with the trend of consumption upgrading, we will continue to increase investment in scientific research and bring more nutritious, healthy and high-quality dairy products to consumers.” said Li Xiao, the relevant person in charge of New Zealand a2 Milk Company.
my country has been the largest country in goods trade for many consecutive years. In the next five years, my country’s import and export volume of goods trade and service trade is expected to exceed US$32 trillion and US$5 trillion respectively. Tang Wenhong, assistant minister of the Ministry of Commerce, said that the Ministry of Commerce will accelerate the cultivation of new momentum for foreign trade, expand trade in intermediate goods, trade in services, digital trade, and cross-border e-commerce exports, use document digitization as the entry point, and point to area, accelerate the digitalization of trade, and promote Introduce policies and measures for the innovative development of service trade and digital trade.
Strive to build a higher-level free trade pilot zone.
On November 1, the Xinjiang Pilot Free Trade Zone was established. This is the first pilot free trade zone in the northwest border region of my country. On the day of listing, credit extension, international settlement and cross-border RMB business were launched simultaneously; on the 2nd, the Horgos area of the Xinjiang Pilot Free Trade Zone issued its first business license; on the 11th, the Kashgar area of the Xinjiang Pilot Free Trade Zone welcomed the first batch of 35 companies have settled in, and the funds for signed and implemented projects exceed 17.6 billion yuan.
Since the 18th National Congress of the Communist Party of China, my country’s free trade pilot zones have continued to expand and develop. The 22 free trade pilot zones have basically formed a pilot pattern covering the east, west, south, north, and central areas, giving full play to the exemplary and leading role of “vanguards” in reform and opening up, and laying the foundation for comprehensively deepening reform and opening up. We have conducted effective exploration and accumulated valuable experience in expanding opening up.
High-quality joint construction of the “Belt and Road” has entered a new stage.
Kenyan fresh avocados enter the Chinese market, benefiting thousands of local growers; an Afghan wool carpet is sold in China, increasing the income of four or five carpet weaver families… Each of these mutually beneficial and win-win stories vividly illustrates China’s continuous development achievements. Benefiting people of all countries.
The joint construction of the “Belt and Road” has transformed from concept to action, from vision to reality. my country has signed more than 200 cooperation documents on the joint construction of the “Belt and Road” with more than 150 countries and more than 30 international organizations, forming more than 3,000 cooperation projects. The projects have stimulated an investment scale of nearly one trillion U.S. dollars, creating “national landmarks”, “people’s livelihood projects” and “cooperation monuments” one after another, injecting strong impetus into the joint development of the country.
High-quality development of China’s economy
Sang Baichuan, dean of the Institute of International Economics at the University of International Business and Economics, said that the implementation of the eight actions to support high-quality joint construction of the “Belt and Road” and the coordinated promotion of major landmark projects and “small but beautiful” people’s livelihood projects will be effective Promote high-quality joint construction of the “Belt and Road” to achieve steady and long-term development.
On the new journey of building a strong country and rejuvenating the nation, China will surely inject more positive energy into global development and better benefit the world while achieving its own high-quality development.
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