On the basis of The State Council's deployment of economic stabilization package measures in May to promote economic stabilization, in late August The State Council deployed 19 follow-up policy measures of the economic stabilization package to strengthen the foundation of economic recovery and development。
As an important part of the domestic cycle and a key hub of the domestic and international double cycle, what key pieces will be left behind in the big chess game of stabilizing the economic market？Take multiple measures to stabilize foreign trade, increase efforts to stabilize foreign investment, and actively and effectively promote consumption...At the regular policy briefing of The State Council held on September 5, Li Fei, assistant Minister of Commerce, gave the above answer。
Li Fei said that in the next step, the Ministry of Commerce will promote the stability of the economic package of policies and successive policy measures in the commercial field, maintain business operation in a reasonable range, make new contributions to the stability of the macroeconomic market, and take practical actions to meet the victory of the Party's 20th Congress。
Take multiple measures to stabilize foreign trade
"Since the beginning of this year, the risks and challenges facing foreign trade have increased significantly, and the pressure to stabilize foreign trade has increased.。In this regard, the Party Central Committee and The State Council attach great importance to it and have successively deployed and introduced several rounds of policies to stabilize foreign trade。The Ministry of Commerce will also work with all localities and relevant departments to pay close attention to the implementation of policies and introduce a number of supporting measures to stabilize foreign trade。With the concerted efforts of all parties, China's foreign trade has shown strong resilience。Li Fei cited relevant data, from January to July this year, China's total imports and exports reached 23.6 trillion yuan, an increase of 10 percent year-on-year.4%。
At the same time, Li Fei stressed that the current foreign trade is still facing adverse factors such as slowing down the expansion of external demand and greater difficulty for enterprises to receive orders。To this end, the new policy to further stabilize the development of foreign trade was proposed in the package of policies to stabilize the economy, and Li Fei summarized it into four aspects and introduced it in detail:
First, we will promote the development of new forms and models of foreign trade。At present, new forms and models of foreign trade such as cross-border e-commerce and market procurement trade methods are still in the window period of innovation and development。The Ministry of Commerce will work with relevant departments to introduce policies to support the development of cross-border e-commerce offshore warehouses as soon as possible, and support specialized entities such as logistics enterprises, cross-border e-commerce platforms and large cross-border e-commerce sellers to build overseas warehouses。At the same time, a new batch of cross-border e-commerce comprehensive pilot areas and market procurement trade methods will be added as soon as possible。
Second, we will support the export of key products such as new energy vehicles。In recent years, China's automobile industry, especially the new energy automobile industry, has developed vigorously, and its international competitiveness has been significantly improved。From January to July, the export of new energy vehicles increased by more than 90% year-on-year, becoming a highlight of foreign trade。The Ministry of Commerce will continue to work with relevant departments to support new energy vehicle enterprises to accelerate the construction of overseas marketing and after-sales service networks, and increase brand publicity and promotion efforts。Encourage qualified Chinese banks and overseas institutions to provide overseas consumer financial products。We will explore ways to expand export transportation channels and transport new energy vehicles through China-Europe express trains。
Third, unimpeded foreign trade enterprises grasp the order channels。The Ministry of Commerce will work with relevant departments to provide more convenience and support for foreign trade enterprises to carry out business activities abroad。Further give play to the role of overseas self-organized exhibitions, encourage trade promotion institutions and exhibition enterprises to hold overseas self-organized exhibitions in the way of "domestic online peer-to-peer talks and overseas offline commodity exhibitions", and promote the improvement of the scale of exhibitions。Local governments are encouraged to introduce practical measures in light of actual conditions and actively support small, medium and micro foreign trade enterprises to participate in the exhibition。
Fourth, strengthen foreign trade enterprises' ability to manage exchange rate risks。The current external environment is becoming more complex and severe, and the risk factors affecting the RMB exchange rate are increasing。The Ministry of Commerce, together with the People's Bank of China, the State Administration of Foreign Exchange and other departments, will continue to guide foreign trade enterprises to establish a neutral awareness of exchange rate risk, encourage banking institutions to innovate and optimize products, and provide more small and medium-sized foreign trade enterprises with exchange rate hedging and cross-border RMB settlement services。
"In the next step, the Ministry of Commerce will work with relevant departments to refine the implementation measures, guide the local authorities to introduce targeted support measures in accordance with the actual situation in the region and do a good job in implementation, to ensure that foreign trade enterprises enjoy policy dividends as soon as possible.。"Li Fei said。 We will step up efforts to stabilize foreign investment
Stable growth but the situation is still complex and severe, Li Fei said after summarizing the current situation of China's foreign investment absorption，A series of measures to increase the stability of foreign investment were put forward in succession to policy measures，It will play an important role in stabilizing foreign investment in the next stage and achieving the goal of stabilizing foreign investment throughout the year，The Ministry of Commerce will implement it from three aspects。
To be specific, first, we will step up the introduction of relevant supporting measures。The Ministry of Commerce will work with relevant departments to jointly study and issue supporting documents to promote the attracting of foreign investment in the manufacturing industry, focusing on the manufacturing industry, insisting on expanding the increase, stabilizing the stock and improving the quality, further optimizing the foreign investment environment, optimizing the promotion and service of foreign investment, actively guiding the direction of foreign investment, and promoting the better development of foreign investment。We will actively introduce policies and measures to encourage foreign investors to set up R&D centers, increase policy support in attracting talents, facilitating R&D, supporting innovation, and strengthening intellectual property protection, and guide foreign investors to promote scientific and technological innovation。
Second, we will promote the implementation of a number of landmark foreign-funded projects。The Ministry of Commerce will give play to the role of the special group on key foreign investment projects under the Foreign trade and foreign Investment coordination mechanism，Work with all regions and departments to comprehensively explore and plan key foreign investment projects，Select the large-scale foreign investment projects in the field of advanced manufacturing invested by the world's top 500 multinational companies，We will strengthen "full life cycle" services and all-round support，Timely and coordinated solutions to problems in all areas，Promote the early implementation, construction and operation of projects。
Third, we will give full play to the role of open platforms in attracting investment。We will properly implement the new assessment and evaluation methods for the comprehensive development of state-level economic development zones，We will focus on open development and high-quality development，On the basis of strengthening the backforcing mechanism，National economic development zones that rank high in the assessment and evaluation，The Ministry of Commerce will work with relevant departments to study and introduce a number of incentive measures，Encourage them to better develop an open economy，In particular, it will play a greater role in attracting investment in the manufacturing industry。
"After the introduction of the above supporting measures, we will work with relevant departments to do a good job of publicity and interpretation, grasp the implementation of the policy, ensure that the implementation is in place, the landing is effective, and enhance the sense of gain of foreign-funded enterprises.。"Li Fei said。
Actively and effectively promote consumption
As the endogenous driving force to promote economic growth, the status and role of consumption should not be underestimated。However, since the beginning of this year, the epidemic in many places in China has brought a great impact on the interactive consumer market full of fireworks。To stabilize consumption, the Ministry of Commerce and other departments have risen to the challenge and made commendable progress。
"In the early stage, we will work with relevant departments to introduce policies and measures to expand automobile consumption and promote green smart home appliance consumption, and the relevant policy effects continue to appear, and the consumer market as a whole shows a trend of recovery and development, and the total retail sales of social consumer goods increased by 2 in July..7%, of which automobiles, home appliances consumption increased by 9%.7%和7.1%。"Li Fei introduced。
For the next step to promote consumption, the Ministry of Commerce has also planned。"In accordance with the deployment of the Party Central Committee and The State Council, we coordinated epidemic prevention and control and consumption promotion, implemented the measures that have been introduced, continued to promote the revitalization of automobile circulation, expand automobile consumption, promote the recovery of catering and accommodation industries, and implement measures to promote the consumption of green smart home appliances.。At the same time, we will accelerate the introduction of new work measures, further optimize the consumption environment, and continue to hold such activities as the international consumption season, home appliance consumption season, and time-honored Carnival, so as to boost consumer confidence and promote the recovery and development of consumption。"Li Fei concluded。
(Source: International Business Daily)