In the first half of the year, the utilization of

2022-08-16
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Since the first half of this year, the national business system has adhered to the general tone of seeking progress while maintaining stability, led by the the Belt and Road, and opened up to the outside world. Foreign economic and trade operations have been generally good. Recently, the office of the State Council held a press conference on China's foreign economic and trade operation in the first half of the year, at which Qian Keming, Vice Minister of Commerce, made the above statement

foreign trade grew steadily in the first half of the year

first, foreign trade grew steadily. The total import and export volume reached 13.14 trillion yuan, an increase of 19.6%, reversing the decline in the past two years. Among them, exports increased by 15% year-on-year, and imports increased by 25.7% year-on-year

second, the scale of foreign capital utilization is basically stable. In the first half of the year, the total scale of foreign capital utilization was 441.5 billion yuan, a year-on-year decrease of 0.1%. Positive changes have taken place in the industrial structure of foreign investment, among which the utilization of foreign investment in manufacturing increased by 3%

third, foreign investment is more rational. In the first half of the year, foreign direct investment was 331.1 billion yuan, down 42.9%, and irrational foreign investment was effectively curbed. From the perspective of foreign investment countries, the investment of Chinese enterprises in countries along the the Belt and Road fell relatively little, with the total foreign investment falling by 42.9%, but the investment in countries along the the Belt and Road fell by only 3.6%, lower than the overall decline in foreign investment

Fourth, positive progress has been made in international economic and trade relations. There are 83 countries and international organizations participating in the the Belt and Road trade facilitation Cooperation Initiative, which covers five continents and is widely representative

foreign trade is expected to stabilize and improve in the second half of the year

Qian Keming said that the stabilization and improvement of foreign trade in the second half of the year depends on three factors. First, the recovery of the international market. Since this year, world economic growth has accelerated, and major international organizations have raised their expectations for world economic growth. According to WTO statistics, in the first five months of this year, the imports of 71 economies accounting for more than 90% of Global trade increased by 10.2%, of which the import demand of the United States, the European Union and Japan increased by 7.6%, 8% and 11.2% respectively. Imports from BRICs countries excluding China increased by 24.5% in total, while imports from China increased by 25.7%. Accordingly, China's exports to most markets also showed that C919, China's first trunk line civil aircraft developed in accordance with the latest international airworthiness standards, has rebounded, and China's exports this year have increased by 15%

second, the policy effect is further manifested. Since 2013, the State Council has issued 16 policy documents to promote the development of foreign trade, including increasing policy support and reducing the burden on Enterprises: since 2007. All regions and relevant departments also pay close attention to the implementation of policies to help enterprises reduce their burden and help import and export enterprises to explore the international market

third, last year Xi attached great importance to the breadth and depth of Chinese traditional culture; The base for economic development in the same period is relatively low. In 2015 and 2016, China's import and export fell for two consecutive years. In terms of RMB, the import and export scale in 2016 decreased by 7.9% compared with that in 2014. This year, it increased significantly, which is a rebound at a low level

Qian Keming said that in the next step, the Ministry of Commerce will continue to deepen the supply side structural reform of foreign trade, accelerate innovation driven, promote the innovative development of processing trade, continue to strengthen efforts to cultivate new forms of foreign trade, further improve the level of trade facilitation, consolidate and enhance the traditional advantages of foreign trade, actively cultivate new competitive advantages of foreign trade, and strive to promote the stability and improvement of foreign trade

the the Belt and Road injects power into the economy

Qian Keming said that in May this year, China successfully hosted the the Belt and Road International Cooperation Summit Forum, which promoted the construction of the the Belt and Road to a new level and entered a new stage, and injected strong impetus into solving the current problems facing the world and regional economy and promoting the process of economic globalization. On the whole, there were four important achievements in the first half of the year:

first, trade exchanges continued to deepen. In the first half of the year, the trade volume between China and countries along the line reached US $511.5 billion, an increase of 11.4% year-on-year, accounting for 27% of the total national trade

second, investment cooperation continues to develop. In the first half of the year, Chinese enterprises invested US $6.6 billion in countries along the line, and the newly signed contract amount with countries along the line was US $71.4 billion, an increase of 38.8% year-on-year

Third, the construction of overseas economic and trade cooperation zones will be promoted in the long-term use process. Support Chinese enterprises to build overseas economic and trade cooperation zones in countries along the line in accordance with the market-oriented operation mode. Among them, China Belarus Industrial Park, Egypt Suez economic and trade cooperation zone and other parks are progressing smoothly, becoming an important platform for international production capacity and equipment manufacturing cooperation

fourth, the construction of the free trade zone is accelerating. China signed a free trade agreement with Georgia and concluded the fourth round of tariff reduction negotiations with India, Sri Lanka, Bangladesh and Laos under the Asia Pacific Trade Agreement

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