General

At present, my country has become the second largest commodity consumption market in the world, the total value of trade in goods has ranked first in the world for five consecutive years, the absorption of foreign investment has remained the second in the world, and its foreign investment has ranked first in the world. It has established 21 free trade pilot zones and promoted the construction of Hainan Free Trade Port , signed the world's largest free trade agreement - the Regional Comprehensive Economic Partnership (RCEP), business development has made new breakthroughs. On January 25, the State Council Information Office held a press conference to introduce the business operation in 2021.

Guo Tingting, Director-General of the Comprehensive Department of the Ministry of Commerce, said that in 2021, my country's business operations will be stable and better than expected. Major breakthroughs have been made and a good start to the "14th Five-Year Plan" business development has been achieved, which has made positive contributions to the sustained recovery and development of the national economy.

Domestic consumption gradually recovered. The total retail sales of social consumer goods for the year was 44.1 trillion yuan, an increase of 12.5%. The contribution rate of final consumption expenditure to economic growth reached 65.4%, and consumption has become the first driving force of economic growth again. The consumption of catering and other services resumed in an orderly manner. Catering revenue increased by 18.6%, which is close to the pre-pandemic level. The per capita education, culture and entertainment consumption, transportation and communication consumption, and health care consumption increased by 27.9%, 14.3% and 14.8% respectively. The rapid development of new consumption. The online retail sales of physical goods reached 10.8 trillion yuan, an increase of 12%, accounting for 24.5% of the total retail sales. The sales of duty-free goods in the outlying islands of Hainan increased by 83.1%.

Foreign trade reached a new high. The annual import and export of goods reached 39.1 trillion yuan, an increase of 21.4%, becoming a major bright spot in the economic operation. Scale and share to a higher level. The scale of imports and exports has successively reached two steps of 5 trillion and 6 trillion US dollars. In the first three quarters of 2021, the international market share of exports and imports will be 15% and 12.1% respectively, both hitting record highs. The upgrading of service trade was accelerated. From January to November, the import and export of services was 4.7 trillion yuan, an increase of 14.7%. The export of knowledge-intensive services such as personal culture and entertainment and intellectual property royalties increased by 36.2% and 29.3% respectively.

The absorption of foreign capital has grown rapidly. The actual use of foreign capital for the year exceeded RMB 1 trillion for the first time, reaching RMB 1.1 trillion, an increase of 14.9%, and 48,000 foreign-funded enterprises were newly established, an increase of 23.5%, achieving a "double improvement" in the scale and quality of foreign investment. The number of large projects increased rapidly. The number of large-scale projects with contracted foreign capital of USD 50 million and over USD 100 million increased by 26.1% and 25.5% respectively. The open heights have achieved remarkable results. The 21 pilot free trade zones actually used 213 billion yuan of foreign capital, accounting for 18.5% of the total foreign investment.

The implementation of foreign investment cooperation and foreign aid developed steadily. The annual foreign direct investment was 936.69 billion yuan, an increase of 2.2%, and the structure was more optimized. First, the investment cooperation with key regions such as the “Belt and Road” has been continuously deepened. Investment in countries along the “Belt and Road” increased by 7.9%, and the proportion increased to 14.8%. Investment in the EU increased by 13.4%. Second, investment in key industries grew rapidly. The investment in the transportation industry, scientific research service industry and information technology industry increased by 80%, 68.5% and 5% respectively, and the total proportion increased by 3.1 percentage points. Thirdly, the results of win-win cooperation have emerged. By the end of 2021, a total of US$50.7 billion has been invested in overseas economic and trade cooperation zones, and US$6.6 billion of taxes and fees have been paid to the host country, creating 392,000 local jobs. Fourth, the contracted projects rose steadily. The value of newly signed contracts increased by 1.2% in US dollars, of which the number of projects with over 100 million US dollars increased by 46. Fifth, the efficient implementation of foreign aid. A total of more than 1,000 aid projects of various types were implemented throughout the year.

New breakthroughs have been made in multilateral and bilateral economic and trade relations. First, significant progress has been made in the promotion strategy of the free trade zone. Second, multilateral cooperation plays a greater role. The third is to deepen bilateral and regional economic and trade cooperation.

In 2022, the Ministry of Commerce will adhere to the principle of maintaining stability and seeking progress while maintaining stability, coordinating epidemic prevention and control and business development, coordinating development and safety, promoting the continuous recovery of consumption, stabilizing the fundamentals of foreign trade and foreign investment, expanding high-level opening up, and promoting business growth. Quality development.