General

Recently, the Foreign Publicity Office of the Municipal Party Committee held the seventh press conference of the special series of the Party Committee on "Striving for a New Journey and Making Contributions to a New Era". The press conference revealed that Shanghai has become the world's largest international trade port city.

Over the past decade, Shanghai has adhered to the strategy of expanding domestic demand and promoting consumption to improve quality and expand capacity. The total retail sales of consumer goods have doubled, ranking first among cities in China in terms of scale, and consumption has become the first driving force for Shanghai's economic growth. In 2021, the total retail sales of consumer goods will exceed 1.8 trillion yuan, and consumption will contribute more than 60% to economic growth. Shanghai has become the largest distribution center of imported consumer goods for international trade in China and the first choice for international brands to enter the Chinese market.

Over the past decade, Shanghai has insisted on giving play to the decisive role of the market in resource allocation, promoting the smooth flow of commodity factor resources in a wider range, doubling the number of 10 billion level and 100 billion level commodity trading platforms, and making an important breakthrough in the construction of a modern commercial circulation system.

Shanghai adheres to the high-quality development of trade, its function as an international trade hub has been enhanced, its global market share has continued to increase, and it has become the world's largest international trade port city. In 2021, Shanghai's port trade volume will reach 10.1 trillion yuan, increasing the global share to about 3.6%, and Shanghai's total import and export of goods will exceed 4 trillion yuan for the first time. The Expo has successfully held four consecutive sessions, and the "6 days+365 days" trading service platform of the Expo has expanded to 60, with the cumulative import of goods exceeding 323 billion yuan.

Over the years, Pudong has taken institutional innovation as the "trump card" to promote the construction of the core area of the international trade center. It has basically established an institutional system that is consistent with the prevailing rules of international trade and economic cooperation. The proportion of foreign capital attracted in Shanghai is more than 40%, and the proportion of regional headquarters of transnational corporations is nearly 50%.

Since this year, Pudong's cross-border e-commerce import and export has increased by 9.7% year on year, accounting for nearly 40% of the city's total. Next, it will strive to reach a scale of 100 billion yuan. In the first half of this year, the scale of foreign exchange collection from offshore resale in the new area near Hong Kong was about 2.61 billion US dollars, up 110% year on year.