Ministry of Commerce: Improve the policy environment to make the industrial chain supply chain more alive

2022-11-08

Li Fei, assistant minister of the Ministry of Commerce, said at the sub forum of the 5th Hongqiao International Economic Forum on "Financial Support for Industrial Chain Supply Chain Stability" that the Ministry of Commerce will continue to deepen cooperation with relevant departments and financial institutions, focus on the current outstanding problems affecting the stability and smoothness of the industrial chain supply chain, focus on the actual difficulties and urgent demands of chain enterprises, focus on the development trend of intelligent and green upgrading of the industrial chain supply chain, and constantly improve the policy environment, We will optimize and enrich financial supply, make the supply chain of the industrial chain more alive and turn around, and better serve to build a new development pattern. Li Fei said that China has promoted reform, development and innovation by opening up, and the resilience of the industrial chain supply chain has been constantly enhanced. China has become a major trading partner of more than 140 countries and regions, with the total volume of trade in goods ranking first in the world and attracting foreign capital and foreign investment ranking first in the world. Li Fei pointed out that from January to September this year, faced with the impact of factors that exceeded expectations, China's import and export of goods increased by 9.9% year on year, the actual utilization of foreign capital increased by 15.6% year on year, and foreign non-financial direct investment increased by 8.5% year on year, which continued to contribute "China's strength" to the global economic recovery and the stability of the industrial chain supply chain. "Finance is the lifeblood of the real economy and the living water to unblock the supply chain of the industrial chain. In recent years, the Ministry of Commerce and the People's Bank of China and other financial authorities have continuously strengthened cooperation and linkage, signed cooperation agreements with the Bank of China and other financial institutions, innovatively introduced a series of financial support measures, and supported the coordinated development of the upstream and downstream of the supply chain of the industrial chain, at home and abroad, with positive results." Li Fei said. Li Fei said that despite the adverse current of economic globalization, the trend of opening up and cooperation among countries has not changed, and the fundamentals of China's long-term economic growth have not changed. The Ministry of Commerce will continue to unswervingly promote high-level opening up, improve the quality and level of trade and investment cooperation, and deeply participate in global economic governance and industrial division and cooperation. Give full play to China's super large market advantages, create a "new engine" and inject "new momentum" to improve the global industrial chain supply chain and security level. (Liu Xinshe)

Edit:Wei Li Bin    Responsible editor:Yin Bing

Source:XinhuaNet

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