Promoting stability through progress and consolidating the basic foundation of foreign trade

2024-01-18

Continuously consolidating the foundation of stability and improvement. Trade is an important driving force for China's economic growth, an important carrier for connecting domestic and international markets, and building a new development pattern. We will accelerate the cultivation of new driving forces for foreign trade, consolidate the basic foundation of foreign trade and foreign investment, adhere to the methodology of seeking progress while maintaining stability, take "progress" as the direction and driving force, deeply understand the new characteristics and trends of international trade development, and identify policy focus points for transforming modes, adjusting structures, improving quality and quantity, and increasing benefits. International trade presents new trends with the flourishing of digital technology and the deepening of economic globalization. International trade presents many new characteristics and trends. Firstly, small and medium-sized enterprises have become a new force in international trade. Enterprises are the main body of trade. Although the number of small and medium-sized enterprises accounts for the majority of the total number of enterprises in any country, their international participation is relatively low, and large enterprises have long dominated international trade. However, in recent years, with the continuous deepening of global value chain division of labor and the strengthening of digital technology penetration into trade, small and medium-sized enterprises have entered the international market by participating in global value chain division of labor and cross-border e-commerce, becoming a new force in international trade. The share of small and medium-sized enterprises in the global value chain in most economies is continuously increasing, and there is a new trend of inclusive development among international trade entities. This trend is also quite evident in the development of China's foreign trade. In 2023, the number of foreign trade entities with import and export records in China exceeded 600000 for the first time. Among them, there were 556000 private enterprises, with a total import and export of 22.36 trillion yuan, a year-on-year increase of 6.3%, accounting for 53.5% of the total import and export value. Secondly, digital trade and green trade have become new highlights of international trade growth. The penetration of digital technologies represented by 5G, artificial intelligence, big data, 3D printing, the Internet of Things, and blockchain into international trade has changed the trade objects, trade methods, and trade scale. Purchasing products and services through digital ordering and digital delivery has promoted the rapid development of digital trade. At the same time, countries are increasing their efforts to address climate change and reduce emissions, accelerating the development of green industries, and promoting the development of green trade with environmental products and services as trading objects. Data shows that from 2005 to 2022, global digital delivery service exports grew at an average annual rate of 8.1%, far exceeding the growth rate of trade in goods and other services. Digital trade and green trade are also new areas for China's foreign trade growth. Preliminary statistics show that in 2023, China's cross-border e-commerce imports and exports reached 2.38 trillion yuan, a year-on-year increase of 15.6%. The export of green products has grown significantly. In 2023, the total export of "new three types" products (electric passenger vehicles, lithium-ion batteries, solar cells) reached 1.06 trillion yuan, breaking the trillion yuan mark for the first time, with a year-on-year increase of 29.9%. The third is the rapid development of service trade. In the past, due to education

Edit:Luo yu    Responsible editor:Wang xiao jing

Source:ECONOMIC DAILY

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