In November this year, the Chairman of the Supreme Leader pointed out in his written speech at the APEC CEO Summit: "China has become synonymous with the best investment destination, and the next’ China’ will be China. Welcome friends from the business circles of all countries to continue to invest in China and deepen their cultivation in China!"
The sonorous discourse conveys the firm determination to promote high-level opening to the outside world, showing that the basic trend of China’s economic recovery for the better and the long-term improvement has not changed.
Since the beginning of this year, under the strong leadership of the CPC Central Committee with the Supreme Leader as the core, all localities and departments have withstood external pressures and overcome internal difficulties. In November, the export volume ended its six-month decline, and the import trade volume maintained a positive growth for 10 consecutive months; The actual use of foreign capital is at a historical high level, and the structure of attracting foreign investment is constantly optimized. The smooth operation of foreign trade and foreign capital has played an important role in the macroeconomic recovery, and China is still the biggest engine of global growth.
The Central Economic Work Conference put forward: "We should speed up the cultivation of new kinetic energy of foreign trade, consolidate the basic market of foreign trade and foreign investment" and "continue to build a market-oriented, rule-of-law and international first-class business environment, and build a brand of" investing in China ".
The broad masses of cadres and people said that they should thoroughly implement the spirit of the important speech of the Supreme Leader General Secretary, study and implement the spirit of the Central Economic Work Conference, expand high-level opening to the outside world, further promote the development of foreign trade, promote stability and quality, attract and utilize foreign capital more vigorously, and constantly provide new impetus and opportunities for the world with high-quality development, and inject strong momentum into building an open world economy.
The basic trend of China’s economic recovery and long-term improvement has not changed.
General Secretary of the Supreme Leader pointed out: "China has the institutional advantages of socialist market economy, the demand advantages of super-large-scale market, the complete supply advantages of industrial system, and the talent advantages of a large number of high-quality workers and entrepreneurs, and its economic development has strong endogenous power, resilience and potential."
Not long ago, Starbucks China Coffee Innovation Industrial Park was put into production in Kunshan, Jiangsu. "China is Starbucks’ largest and fastest growing market in the world." Nashan, global CEO of Starbucks, said 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 weak, the demand in major markets has been sluggish, and China’s foreign trade and foreign investment are under pressure. To cope with difficulties, a series of policies to stabilize foreign trade and foreign investment are concentrated.
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 the trade of new energy vehicles, and expand imports, and formed a "1+N" policy system to fully promote the stable scale and excellent structure of foreign trade. In July, the State Council issued the Opinions on Further Optimizing Foreign Investment Environment and Increasing Attracting Foreign Investment. In December, the General Office of the State Council issued "Several Measures on Accelerating the Development of Domestic and Foreign Trade Integration" to enhance the linkage effect of domestic and international double circulation. The Ministry of Commerce has established a round table system for foreign-funded enterprises to fully understand the demands of foreign-funded enterprises and help stabilize the confidence of foreign investors in China.
The policy is precise, the enterprise takes the initiative, and foreign trade and foreign capital show strong resilience. In November, China’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 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 10 months, the actual use of foreign capital in high-tech manufacturing increased by 9.5%.
The intention of the 6th China International Import Expo reached a new high, and the first China International Supply Chain Promotion Expo signed more than 200 cooperation agreements and intention agreements … From the Consumer Expo, Canton Fair to Service Trade Fair, China International Import Expo(CIIE), and then to several trade fairs and chain fairs, exhibitions were held one after another to build a consensus on development. Generally speaking, foreign-funded enterprises say that the China market is not an option, but a must. They will continue to invest more in China, deepen the China market and share the growth opportunities brought by the high-quality development of China.
According to the Survey Report on the Foreign Business Environment of China in the Third Quarter of 2023, which was formed by the China Council for the Promotion of International Trade, 80% of the foreign-funded enterprises surveyed expect their profits to be flat or improved this year, and nearly 90% expect their profits to be flat or improved in the next five years.
Lin Meng, director of the Modern Supply Chain Research Institute of the Research Institute of the Ministry of Commerce, said that China’s economy has strong resilience, full potential and wide room for manoeuvre, and the basic trend of economic recovery for the better and long-term improvement has not changed. China remains the biggest engine of global growth, which will provide powerful momentum for the world economy and broader market opportunities for enterprises from all over the world.
Build a new open economic system at a higher level.
General Secretary of the Supreme Leader emphasized that "opening up to promote reform and development is an important magic weapon for China’s modernization drive to continuously achieve new achievements." "We must be more proactive in docking high-standard international economic and trade rules, steadily expand institutional openness such as rules, regulations, management and standards, accelerate the creation of a new highland for opening up to the outside world, build a new open economic system at a higher level, and accelerate the construction of a new development pattern."
Recently, in Yangpu Bonded Port Area of Hainan, the first batch of imported beef processing products produced by Hainan Hongyan Food Co., Ltd. successfully left the area. This is the first beef processing value-added business in Yangpu Bonded Port Area. As an important policy for the construction of Hainan Free Trade Port, tariff-free processing value-added has been extended from Yangpu Bonded Port Area to help Hainan build an important meeting point of domestic and international double circulation.
Since the beginning of this year, China has issued 24 policies and measures to stabilize foreign investment, taking the lead in piloting the docking of relevant international high-standard economic and trade rules in five pilot free trade zones and Hainan Free Trade Port, and announced eight actions to support the high-quality joint construction of the "Belt and Road". The number of pilot free trade zones has been upgraded and expanded to 22 … A series of solid measures have continuously opened up new space for opening up.
Foreign investment access has been further relaxed, with greater openness.
Recently, HSBC China, Hang Seng China and Standard Chartered China have announced the launch of digital RMB business, becoming the first foreign banks to launch digital RMB business. "The continuous expansion of the breadth and depth of China’s financial opening has provided us with sustainable development opportunities in the China market." Zhang Xiaolei, president of Standard Chartered Bank (China) Limited, said.
Within the planning scope of the Shanghai Pilot Free Trade Zone, we will take the lead in building an institutional system and supervision model that is linked to high-standard economic and trade rules, and build a national institutional open demonstration zone; The State Council approved the Work Plan of Supporting Beijing to Deepen the Construction of a Comprehensive Demonstration Zone for Expanding and Opening up the National Service Industry, and put forward more than 170 pilot tasks … At present, China’s comprehensive pilot projects for expanding and opening up the service industry have been expanded to 11, with 7 rounds of 15 pilot programs and more than 1,300 pilot tasks successively launched, and the opening up of the service industry has accelerated.
Deepen economic and trade exchanges and cooperation, and open measures are better.
On December 2nd, in Nanning, Guangxi, the first batch of 54 Malaysian tourists who enjoy the visa-free policy started their journey to China. "Because it is visa-free, it is more convenient for us to do business in China." A Malaysian businessman said.
Since the beginning of this year, the Ministry of Commerce has held a number of round-table meetings of foreign-funded enterprises, established a list of problems reflected by foreign-funded enterprises, and strengthened tracking and supervision; The State Administration of Foreign Exchange has introduced nine policy measures to promote cross-border trade and investment and financing facilitation; The General Administration of Market Supervision has implemented the refined reform of annual reports throughout the country to reduce the disturbance of undifferentiated annual reports to foreign-invested enterprises … All departments have made great efforts to open up the blocking points for foreign businessmen to use financial, medical and Internet payment services in China, and create better conditions for bilateral and multilateral economic and trade exchanges and cooperation.
Promote global connectivity, development and prosperity, and open up to a higher level.
On December 5th, 7.9 tons of "Little Red Star" hawthorn planted by farmers in Laiwu, Shandong Province was successfully cleared at the port of Linchaban, Thailand. This marks the first time that fresh hawthorn in China has entered the Thai market. "We actively promote the docking of rules and help enterprises to go abroad with more special products." Li Guang, head of Laiwu Customs, said.
China is implementing the Regional Comprehensive Economic Partnership Agreement with high quality, taking the initiative to meet the high-standard economic and trade rules of the Comprehensive and Progressive Trans-Pacific Partnership Agreement and the Digital Economic Partnership Agreement, actively promoting the process of joining the two agreements, expanding the global high-standard free trade area network, and injecting greater impetus into global interconnection and promoting development and prosperity.
Chinese modernization provides new opportunities for promoting the modernization of all countries in the world.
General Secretary of the Supreme Leader pointed out, "We will adhere to high-quality development, promote high-level opening to the outside world, and provide new opportunities for promoting the modernization of all countries in the world with Chinese modernization."
Strengthen confidence, forge ahead, all regions and departments will make overall plans to promote deep-level reform and high-level opening up, and continue to release the opening dividend, so that the development results will benefit people of all countries more fairly.
China market has become a big market shared by the world.
"China will accelerate green development and bring new market opportunities. We will join hands with more China enterprises to embrace new green opportunities and help achieve the goal of’ double carbon’." Xu Yiming, Marketing Public Relations Minister of Toyota Motor (China) Investment Co., Ltd. said.
"Closely following the changes in consumer demand and conforming to 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." Li Xiao, the person in charge of New Zealand a2 Milk Company, said.
China has been the largest country in goods trade for many years. In the next five years, the import and export volume of China’s trade in goods and services is expected to exceed 32 trillion US dollars and 5 trillion US dollars. Tang Wenhong, Assistant Minister of Commerce, said that the Ministry of Commerce will speed up the cultivation of new kinetic energy of foreign trade, expand intermediate trade, service trade, digital trade and cross-border e-commerce export, take the digitization of documents as the starting point, accelerate the digitalization of trade from point to area, and promote the introduction of policies and measures for the innovative development of service trade and digital trade.
Strive to build a higher level pilot free trade zone.
On November 1, Xinjiang Pilot Free Trade Zone was established, which is the first pilot free trade zone in the northwest border areas of China. On the day of listing, credit supply, international settlement and cross-border RMB business started simultaneously; On the 2 nd, the first business license was issued in Horgos area of Xinjiang Pilot Free Trade Zone; On the 11th, the Kashgar area of Xinjiang Pilot Free Trade Zone welcomed the first batch of 35 enterprises to settle in, and the contracted project funds exceeded 17.6 billion yuan.
Since the 18th National Congress of the Communist Party of China, China’s Pilot Free Trade Zone has been expanding and developing, and 22 pilot free trade zones have basically formed a pilot pattern covering the east, west, north and south, giving full play to the exemplary leading role of the "vanguard" of reform and opening up, and effectively exploring and accumulating valuable experience for comprehensively deepening reform and opening up.
Building the "Belt and Road" with high quality opens a new stage.
Kenyan fresh avocado entered the China market, benefiting thousands of local growers; One Afghan wool carpet was sold in China, and the income of four or five carpet weavers’ families increased … The stories of mutual benefit and win-win vividly explained that the development achievements of China continued to benefit people all over the world.
Building the Belt and Road has changed from concept to action and from vision to reality. China has signed more than 200 cooperation documents on building the Belt and Road with more than 150 countries and more than 30 international organizations, forming more than 3,000 cooperation projects, stimulating the investment scale of nearly one trillion US dollars, and creating "national landmarks", "people’s livelihood projects" and "cooperation monuments", which have injected strong impetus into the development of building the country.
Sang Baichuan, president of university of international business and economics Institute of International Economics, said that the implementation of the eight actions to support the high-quality joint construction of the Belt and Road Initiative, and the overall promotion of major landmark projects and "small but beautiful" livelihood projects will surely strongly promote the high-quality joint construction of the Belt and Road Initiative.
On the new journey of building a strong country and national rejuvenation, China will inject more positive energy into global development, and better benefit the world while achieving its own high-quality development.
