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Strengthening Trade Power and Expanding International Trade Development Space

2022-10-19

The second China International Consumer Goods Expo, which closed on July 30, saw more than 2800 brands from more than 60 countries and regions participate in the Expo, with more than 280000 visitors. The 2022 China International Trade in Services Fair, which closed on September 5, achieved 1339 achievements, and more than 100 new products and technologies made their debut. Against the backdrop of century old changes superimposed on the epidemic situation of the century, and economic globalization encountering a countercurrent, China has insisted on expanding high-level opening up, and created an important platform for expanding opening up, deepening cooperation, and leading innovation, which has made positive contributions to promoting the development of international trade and promoting the recovery and development of the world economy.

Trade is an important engine of economic growth. In recent years, China has become the largest country in the world's trade in goods. However, compared with some countries, China's international trade still lags behind in terms of industrial base, innovation ability, market players, and international economic and trade rule making ability. There is a problem of "large but not strong". Building a trade power is an inevitable measure to promote the quality, efficiency, power and total factor productivity of China's economic development. It is also an important content and urgent requirement for building a modern economic system. Only by realizing the transformation from a big trading country to a strong trading country and constantly improving the quality and efficiency of international trade can we win the initiative of economic development.

Since the 18th National Congress of the Communist Party of China (CPC), we have anchored the goal of building a trade power, and accelerated the transformation of international trade into a driving force and restructuring. In 2021, China's total trade in goods will reach 6.05 trillion US dollars, and its trade in services will exceed 800 billion US dollars, up 56% and 70% respectively from 2012; Since 2017, China has maintained its position as the largest country in the world's goods trade for five consecutive years; The import and export scale of cross-border e-commerce has increased nearly 10 times in the past five years... The quality and added value of export products have been improved, the import scale has been expanded, the number of trade partners has been diversified, the number of foreign trade enterprises has increased rapidly, and the new momentum of foreign trade development has been constantly stimulated. Both the steady increase in quantity and the significant improvement in quality, as well as the continuous optimization of the structure have witnessed China's continuous progress towards a trade power.

Today's China is not only a "world factory", but also a "world market", providing countries with broader opportunities for the development of the Chinese market. At present, the fundamentals of China's stable and long-term economic development remain unchanged, and the comprehensive competitive advantages of international trade development with sufficient flexibility and strong "magnetic" use of foreign capital remain unchanged. Especially in the first half of this year, China's economic development faced triple pressures. The total value of imports and exports of goods increased by 9.4% year on year, handing over a beautiful report card. Facts have proved that as long as we unswervingly expand opening up to the outside world, tap the growth potential of foreign trade, and promote the coordinated development of domestic and foreign demand, import and export, foreign capital introduction and foreign investment, we will certainly inject surging momentum into high-quality economic and social development, and make positive contributions to promoting the growth of international trade and the recovery of the world economy.

Trade is the link connecting the interests of all countries. Of course, we should also focus on solving problems such as unbalanced development, governance difficulties, digital divide, and distribution gap, and build an open, inclusive, inclusive, balanced, and win-win economic globalization. " From putting forward the global development initiative, calling on all parties to comprehensively promote the 2030 Agenda for Sustainable Development of the United Nations, to supporting the multilateral trading system with the World Trade Organization as the core, and maintaining the security and stability of the global industrial chain supply chain, China adheres to the principle of openness for development, advocates the joint construction of an open and cooperative world economy, and strives to make the development achievements better benefit the people of all countries. China's continuous progress towards a trade power, its efforts to expand the cooperation cake, and its efforts to improve the global value chain and supply chain are itself a major contribution to global development.

"The door of China's opening will not be closed, but will only open wider and wider." China will unswervingly expand its opening up to the outside world and make the Chinese market a global market, a shared market and a market for all. As China moves steadily towards the goal of becoming a trade power, its path of high-quality development will become wider and wider.


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