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China

How to promote consumption, stabilize foreign trade and stabilize foreign investment in 2023—— Relevant responsible persons of the Ministry of Commerce responded to the hot spots of business operation

2023-02-03   

Guo Tingting, Vice Minister of the Ministry of Commerce, introduced at the press conference held by the State Administration for Foreign Affairs on the 2nd that in 2022, China's consumer market was basically stable, foreign trade was better than expected, and the utilization of foreign capital maintained growth. In 2023, what will China do to promote consumption, stabilize foreign trade and stabilize foreign investment? The relevant responsible person of the Ministry of Commerce responded to the hot spots of business operation at the press conference. The third is to restore and expand the fundamental role of consumption in economic development, as proposed in the report of the 20th National Congress of the Consumer Party. The Central Economic Work Conference decided to give priority to the recovery and expansion of consumption. The executive meeting of the State Council held on January 28 further put forward clear requirements for boosting consumption. Xu Xingfeng, Director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said that during the Spring Festival this year, the sales of key retail and catering enterprises nationwide increased 6.8% over the same period last year. In 2023, we will focus on promoting consumption from three aspects: first, we will continue to strengthen policy guidance, supervise and inspect the implementation of the policies that have been issued, and ensure that the implementation of the policies is in place. According to the new situation this year, we will focus on key areas such as automobile and home furnishing, and promote the introduction of a number of new policies; Second, plan key activities to carry out nationwide consumption promotion activities with the "2023 consumption boost year" as the main line; Third, continue to optimize the platform carrier, deepen the construction of international consumption center cities, expand the security role of smart stores and smart business districts, and increase high-quality supply through multiple channels. Full support for foreign trade enterprises to seize orders and expand markets "has reached a new height, released new momentum and made new contributions." Li Xingqian, director of the Department of Foreign Trade of the Ministry of Commerce, said of the development of China's foreign trade in 2022. Li Xingqian said that in 2022, China's foreign trade has withstood the test of various risks and performed better than expected. The scale reached a new record high, breaking the 40 trillion yuan mark; High-tech, high-value-added and green transformation products represented by the export of electric vehicles, photovoltaic products and lithium batteries have become new growth points for export; The annual contribution rate of net exports of goods and services to GDP growth reached 17.1%, driving GDP growth by 0.5 percentage points. "In 2023, the global economic and trade situation is extremely severe, and the downward pressure is significantly increased." Li Xingqian said that the main contradiction in China's foreign trade field has changed from the supply chain obstruction and the lack of contract performance capacity last year to the current weakening of foreign demand and the decline of orders, which is an important change. The Ministry of Commerce has made it clear that strengthening trade promotion and close connection between supply and purchase should be given priority, and fully support foreign trade enterprises to seize orders and expand markets. We should do these four things well for foreign trade enterprises: resume physical exhibitions, promote domestic trade exhibitions to resume offline exhibitions in an all-round way, and hold a series of key exhibitions such as the China International Fair for High-tech Achievements, the Canton Fair and the China International Fair for High-tech Achievements; Make good use of new business forms, promote the further development of cross-border e-commerce, overseas warehouse and other new business forms, and drive the export of small and medium-sized foreign trade enterprises; Explore new needs, give full play to the role of business institutions of embassies and consulates abroad, and assist local organizations and enterprises to carry out trade cooperation abroad; Support enterprises to "go out" and provide more convenience for cross-border business exchanges of foreign trade enterprises. According to Meng Huating, the head of the Foreign Investment Management Department of the Ministry of Commerce of the People's Republic of China

Edit:He Chuanning Responsible editor:Su Suiyue

Source:Xinhua

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