Opening of China International Fair: sharing market opportunities with the world

The addition of an import trade promotion innovation demonstration zone not only shows China's determination to expand high-level opening-up, but also a concrete embodiment of its determination to share market opportunities with the world.

On the evening of November 4th, President Xi Jinping attended the opening ceremony of the fourth China International import fair by video and delivered the keynote speech entitled "let the open spring warm the world".

President Xi Jinping said China will unswervingly share market opportunities with the rest of the world. With a population of more than 1.4 billion and a middle-income group of more than 400 million, China imports about US $2.5 trillion in goods and services every year, and the market scale is huge. China will pay more attention to expanding imports and promoting the balanced development of trade. China will establish an import trade innovation promotion demonstration zone, optimize the list of cross-border e-commerce retail imported goods, promote the landing and processing of imported goods in border people's mutual trade, and increase imports from neighboring countries.

This year marks the beginning of the 14th five year plan and the 20th anniversary of China's accession to the world trade organization. Over the past 20 years, China has fully fulfilled its WTO commitments and continuously expanded its opening-up. Therefore, the addition of import trade promotion innovation demonstration zone not only shows China's determination to expand high-level opening-up, but also a concrete embodiment of unswervingly sharing market opportunities with the world.

In fact, thanks to taking the lead in controlling the epidemic, China's economy took the lead in realizing recovery. In addition, China has accelerated the construction of a new development pattern with the domestic big cycle as the main body and the domestic and international double cycles promoting each other. The domestic market potential has been further stimulated and the consumption level has been greatly improved.

At the same time, China's trade development strategy has gradually changed from emphasizing export orientation in the past to paying attention to the new trade development strategy of comprehensive balance between import and export. China has a population of more than 1.4 billion and a middle-income group of more than 400 million. The huge market demand not only promotes the transformation of the domestic economic development model, but also provides rare development opportunities for countries all over the world.

In recent years, China's trade import volume has increased year by year, with an annual import of goods and services of about US $2.5 trillion. WTO data show that in the first half of this year, China's international market share of imports increased by 0.7 percentage points to 12% year-on-year, contributing 15% of the global import increment. All these provide a basis for the establishment of an import trade promotion innovation demonstration zone.

Expanding imports is actually sharing market opportunities with the world. With more and more innovation demonstration zones for China's import trade, the opportunities for countries to export to China will also increase.

According to statistics, China is currently the largest export market of 40 countries and regions in the world. China has already become the main market for many multinational corporations and a hot spot for international investment. In this sense, China's development is an opportunity for the world. It is both a trend and an inevitable trend to establish an import trade promotion innovation demonstration zone.

The addition of an import trade promotion innovation demonstration zone is a "practical move" for China to share market opportunities with the world. Since the 18th National Congress of the Communist Party of China, China has made frequent moves in expanding imports, and supportive and encouraging policies have been introduced continuously.

As early as 2012, the State Council put forward the requirement of "cultivating national import trade promotion innovation demonstration zone" in the guiding opinions on strengthening import and promoting the balanced development of foreign trade.

At the third China International Fair, the Ministry of Commerce and other nine departments decided to set up 10 import trade promotion innovation demonstration zones throughout the country. These 10 import trade promotion innovation demonstration zones include sea, land and air ports.

It is believed that more import trade innovation promotion demonstration zones will be established in succession, which will play a more significant role in promoting imports, which also means that China's door to opening to the outside world will be more and more open.

Specifically, the addition of import trade promotion innovation demonstration zone will make the functional positioning of "trade promotion" and "trade innovation" of the demonstration zone clearer.

On the one hand, the effect of promoting export, industry and consumption will be further improved; On the other hand, the potential of policy innovation, service innovation and model innovation will be continuously stimulated. This move also shows the stability, systematicness and innovation of China's opening up.

It is worth emphasizing that the addition of import trade promotion innovation demonstration zones and the continuous expansion of import scale also reflect the confidence and vitality of China's economy. Today, China has entered a stage of high-quality development, and the people's desire for a better life will be met to a greater extent through global supply. There is no doubt that this is a win-win situation for China and other countries in the world.

Source: Beijing News