General

The rights and interests of the people in all aspects have been effectively guaranteed.

The reform in key areas has achieved remarkable results

In 2022, the total industrial added value of China will exceed 40 trillion yuan for the first time, an increase of 3.4% over the previous year. The supply chain of the industrial chain will be more resilient, and the output of major industrial products will continue to be among the top in the world. At the same time, China's global innovation index ranked 11th.

The fundamental impetus for upholding and developing socialism with Chinese characteristics in the new era is still to comprehensively deepen reform. Economic system reform is an important breakthrough in comprehensively deepening reform. In the vivid practice of comprehensively deepening reform and opening up, focusing on the continuous improvement of system construction, a series of basic systems have been basically formed, and the modernization level of national governance system and governance capacity has been constantly improved, forming a strong domestic economic circulation system and a stable basic plate.

The negative list system of market access is a basic system of socialist market economy. Since the system was fully implemented nationwide in 2018, the list has continued to "downsize", and China's market access system has gradually matured and improved. Compared with the 2018 pilot list, the number of items in the 2022 list was reduced from 151 to 117, with a reduction of 23%. At the same time, the media, finance, platform economy and other key areas will be included in the list management in a timely manner according to law.

We will accelerate the construction of a unified national market. In April 2022, the Opinions of the Central Committee of the Communist Party of China and the State Council on Accelerating the Construction of a National Unified Market was published. Building a unified big market, focusing on breaking through the key blocking points that restrict the economic cycle, and promoting the transformation of China's market from large to strong, will be more attractive to global high-end elements and market resources, so as to better connect domestic and international trade markets, and provide strong support for building a new development pattern.

With the deepening of the reform of the price mechanism, China's market-oriented reform of agricultural products, energy resources, transportation and other key areas has achieved remarkable results. At present, the price of all agricultural products, 80% of electricity, 50% of natural gas and 90% of civil aviation passenger transport is formed by the market. By the end of 2021, the marketization of the prices of goods and services in the whole society has reached 97.5%.

In the past two years, China has continuously improved the coal market price formation mechanism, and adopted market-oriented and legal means to guide the coal price to operate in a reasonable range. By stabilizing the coal price, we can stabilize the electricity price and the energy cost of enterprises, providing strong support for stabilizing the macroeconomic market.

Promote high-level opening-up

At the beginning of the Spring Festival, in Yantai Port, Shandong Province, commercial vehicles are orderly driving into the port's ro-ro ships. After the ship is fully loaded, under the on-site supervision of Yantai Customs, these commercial vehicles are exported to the international trade market by cargo ship.

In 2022, Yantai Area of the Shandong Pilot Free Trade Zone was approved as the first export supervision warehouse for automobile export distribution in Shandong Province. Yantai Customs comprehensively applied such facilitation measures as "declaration in advance", "direct loading at the port" and "shipping while loading" to help automobile enterprises solve the problems of tight port storage space and high storage costs caused by the rapid growth of export business, and create an optimal customs clearance environment for the export of commercial vehicles.

Similar scenes appear every day in the country's respective pilot trade zones. As the vanguard of reform and opening up, the pace of opening up of the Pilot Free Trade Zone has been accelerating. In 2022, the new version of the negative list of foreign investment access in the pilot free trade zone was implemented, and the manufacturing sector was cleared, and the service sector continued to expand its opening. The import and export volume of China's 21 pilot free trade zones increased by 14.5% over the previous year; The import and export volume of goods in Hainan Free Trade Port exceeded 200 billion yuan, up 36.8%.

In the 10 years of the new era, China's open economy has made historic achievements. The total volume of trade in goods and services has ranked the first in the world for two consecutive years. The global share of foreign investment has increased from 8.2% to 11.4%, and foreign investment has steadily ranked the top three in the world.

The legal system for foreign investment was further improved. The official implementation of the Foreign Investment Law in 2020 provides a more comprehensive and powerful legal guarantee for the rights and interests of foreign investors. The level of opening up has been significantly improved. The management model of national treatment plus negative list before foreign capital access was fully implemented, and the number of restrictive measures was reduced from 93 to 31. The environment for foreign investment has improved significantly. China has cleaned up the laws, regulations and normative documents that are inconsistent with the Foreign Investment Law for three consecutive years, fully guaranteeing the fair competition treatment of foreign-funded enterprises.

In 2022, the Regional Comprehensive Economic Partnership Agreement entered into force, ushering in a new opportunity for China to build a new system of an open economy with a higher level. By the end of 2022, China has signed more than 200 cooperation documents with 150 countries and 32 international organizations; It has signed 19 free trade agreements with 26 countries and regions. The China International Import Expo has been held for five consecutive years, and has become a window for China to build a new development pattern, a platform to promote high-level openness, and a global shared international public product.

The high-quality joint construction of the "the Belt and Road" has achieved remarkable results. In 2022, China's international trade imports and exports to countries along the "the Belt and Road" will increase by 19.4% over the previous year, significantly faster than the growth rate of all international trade imports and exports; The China-Europe train has operated 16000 trains, up 9%; The western land-sea new channel train delivered 756000 TEUs of goods, up 18.5%.

Promoting reform and development through opening up

"At present, the headquarters of dozens of multinational companies have made arrangements with the Ministry of Commerce for the recent business visit to China." At the recent regular press conference, the spokesman of the Ministry of Commerce Shu Jueting pointed out that this fully demonstrates the positive will of foreign enterprises to layout the Chinese market, and also once again demonstrates China's strong "magnetic attraction" for foreign investment.

A recent survey by the China Council for the Promotion of International Trade (CCPIT) showed that 98.2% of the more than 390 foreign-funded enterprises and foreign business associations interviewed had confidence in China's economic development prospects this year.

The confidence of foreign-funded enterprises comes from the strong endogenous power of China's economy. China has the most complete industrial system and an increasingly complete infrastructure network. The industrial structure has been continuously optimized and upgraded. The cultivation and growth of new drivers have been accelerated. The ability to ensure the security of food and energy resources has been continuously improved. The tenacity of the industrial chain supply chain has been continuously enhanced. The material foundation for maintaining the stable, healthy and sustainable development of the economy has become more solid. China is the world's largest market with the greatest growth potential. With the effectiveness of optimizing epidemic prevention and control measures, consumer demand will gradually recover and the pace of consumption upgrading will also accelerate.

The report of the 20th National Congress of the Communist Party of China proposed that relying on China's super-scale market advantages, we should attract global resource elements through the domestic big cycle, enhance the linkage effect of the two resources in the domestic and international markets, and improve the quality and level of trade and investment cooperation.

This year, with the gradual emergence of reform effects in key areas and key links, the deepening of institutional openness, and the deepening of regional coordinated development, China's business environment will continue to be optimized, social expectations will gradually improve, and development confidence will steadily increase. China will accelerate the construction of a powerful trade country, promote the liberalization and facilitation of trade and investment, promote market connectivity, industry integration, innovation and rules, and form a virtuous circle at a higher level of openness.