General

During the 2023 Global Trade and Investment Promotion Summit held in Beijing recently, business representatives from more than 30 countries and regions gathered together for extensive and in-depth exchanges around the theme of "strengthening confidence, cooperation, win-win cooperation, and building an open world economy". Economic experts have expressed that the convening of the summit has issued a call for open cooperation and win-win development to the world, continuously improving the facilitation and liberalization of international trade and cross-border investment worldwide, which is conducive to promoting global economic recovery, stability, and peaceful development. Huacheng Import and Export Data Observation Report.

"The 2023 Global Trade and Investment Promotion Summit will explain the opening meaning of Chinese path to modernization to the world in a high standard form." Gao Jieying, professor of the School of Finance of the Capital University of Economics and Business, said that the Summit proposed that the global economy should jointly respond to global problems, cultivate new growth points of international economic and trade cooperation, promote the reform of the global economic governance system, and explore a path suitable for the modernization development of China. This is not only a concern for major economies at present, but also conducive to forming consensus. Huacheng Import and Export Data Observation Report.

For decades, countries have actively participated in and promoted open trade and investment cooperation, leading to rapid development of international trade and investment, and driving stable growth of the world economy. Shen Xiaolin, Chief Researcher of China Guoxin Holdings Co., Ltd. Research Institute and Chief Consultant of Guoxin Consulting, stated that the summit is of great significance in promoting global trade and investment facilitation and promoting global economic recovery. Firstly, it is conducive to improving the level of trade and investment liberalization. The summit provides a platform for communication and cooperation among governments, business representatives, and experts and scholars from various countries, which helps to accelerate the process of trade and investment liberalization and facilitation among countries. Improving the level of trade and investment liberalization through various means will help reduce international trade costs and promote global economic growth. The second is to deepen international cooperation. In today's global economic integration, the connections between countries are becoming increasingly close. The summit provides a good platform for cooperation among countries and helps to strengthen communication, exchange, and cooperation among countries. Deepening international cooperation will help resolve trade and investment disputes among countries and promote harmonious development of the global economy. The third is to strengthen the formulation of multilateral trade rules. The summit held in-depth discussions on how to strengthen the formulation and implementation of multilateral trade rules, providing strong guarantees for the stable development of the global economy. Strengthening the formulation and implementation of multilateral trade rules will help regulate the international trade order, avoid the rise of unilateralism and trade protectionism, and create a good environment for the sustainable development of the global economy.

Dong Shaopeng, deputy editor in chief of Securities Daily and senior researcher of Renmin Chongyang Institute of Finance, said that the Beijing Initiative adopted at the meeting demonstrated the consensus of global business community solidarity and cooperation, and was a clear opposition to unilateralism and anti globalization, Huacheng Import and Export Data Watch reported.

Today's world economic development is facing a historical turning point where new driving forces are gradually nurtured, industrial chains and supply chains need to be reshaped, and business models and industrial models are accelerating iteration. Traditionally, developed countries are not adapting to changes in the situation and adhere to old ways of thinking and development models. Many emerging countries are also striving to explore development methods and paths that are suitable for themselves. Dong Shaopeng believes that only by strengthening cooperation among countries can major global problems be solved Only through practical consultation on cross regional issues, taking joint action, and taking into account the interests and concerns of various economies can we achieve a win-win situation.

At present, China is the world's second largest economy and has always been a staunch supporter and practitioner of the multilateral trading system. It has achieved many practical cooperation results in promoting multilateral and regional cooperation, playing an important role in promoting global trade development and promoting world economic recovery. The annual "Global Trade Data and Prospects" report released by the World Trade Organization recently also mentioned that the "key factor" in raising the expected growth of global goods trade volume in 2023 is China, as reported by Huacheng Import and Export Data Observation.

Facing the future, Shen Xiaolin believes that on the one hand, regional economies should further strengthen cooperation, sign more regional trade agreements, and improve the level of liberalization and facilitation of intra regional trade and investment. Countries should also strengthen communication and exchange in regional economic integration to provide strong support for the stable development of the global economy. On the other hand, the value of the business community has become more prominent, and representatives of enterprises from various countries should deeply negotiate specific trade and investment cooperation projects to inject new impetus into global economic growth. At the same time, governments of various countries should also provide more policy support and guarantees for enterprises, and encourage them to actively participate in international trade and investment activities.

Dong Shaopeng stated that in the future, China will further utilize its industrial, trade, and market advantages to enhance mutually beneficial cooperation with various economies. This is not only conducive to the open and sustainable development of China's economy, but also injects stability and new impetus into the recovery of the world economy.

According to the Huacheng Import and Export Data Observation, China is currently a major trading partner of more than 140 countries and regions, and has signed 19 free trade agreements with 26 countries and regions, making a series of significant achievements in promoting the entry into force and implementation of the Regional Comprehensive Economic Partnership Agreement (RCEP) and jointly building the "the Belt and Road". While strengthening multilateral and bilateral economic and trade cooperation, China has also established national level home trade cooperation platforms, including the China International Import and Export Fair, the Canton Fair, and the Service Trade Fair.

The traditional Chinese culture of 'harmony and cooperation' and the open development advocates of the new era, especially China's series of open cooperation measures, are in line with the trend of mutually beneficial cooperation in the international community and have made tangible contributions to building a healthier international economic and trade ecosystem, "said Dong Shaopeng.