2024 Foreign Trade Work, These References Have New Ideas

01

How to consolidate the basic disk?

The meeting emphasized the expansion of high-level opening up to the outside world, and pointed out that "we should accelerate the cultivation of new dynamics in foreign trade, consolidate the basic plate of foreign trade and foreign investment, and expand the trade in intermediate goods, trade in services, digital trade, and cross-border e-commerce exports." Compared with last year's central economic work conference will "greater efforts to attract and utilize foreign investment" as a priority, this year's central economic work conference emphasized "expanding the high level of opening up to the outside world", in the view of Wen Bin, chief economist of Minsheng Bank, which also reflects the importance of attracting foreign investment to foreign trade and foreign investment, and the transformation of foreign trade and foreign investment. Attracting foreign investment to foreign trade and foreign investment development. Sang Baichuan, director of the Institute of International Economics at the University of International Business and Economics, mentioned in particular the expression "consolidate the basic plate of foreign trade and foreign investment", "by the multiple impacts of weakening external demand, geopolitical conflicts and globalization countercurrents, this year, China's foreign trade has seen a large monthly fluctuations in the context of stabilizing the basic plate of foreign trade and foreign investment is essential. The fundamentals of foreign trade and foreign investment are crucial, and it is one of the important elements in realizing a sustained and stable upturn in the national economy." Regarding the conference's emphasis on "expanding trade in intermediate goods, trade in services, digital trade, and cross-border e-commerce exports," Sang Baichuan believes that trade in intermediate goods is an important pillar of China's foreign trade, and that the continued expansion of trade in intermediate goods is highly relevant to the establishment of a secure and controllable supply chain system and the maintenance of supply chain stability. "In addition, trade in services is an important element of the new momentum of China's foreign trade. In the future, with the expansion of the scale of market access in the service industry, the degree of liberalization and facilitation of trade in services will increase, and the international competitiveness of China's trade in services will rise, and it is necessary to seize such an opportunity to expand the scale of trade in services and improve the quality of trade in services." In Sang Baichuan's view, digital trade is an important part of the digital economy, and the development of digital trade is also a focus that must be paid attention to in the new round of industrial revolution. Cross-border e-commerce, as a new form of foreign trade, accounts for a rising proportion of China's import and export trade, and the growth space is very broad. Thus, while utilizing digital technology means and expanding the application scenarios of digital technology, the development of cross-border e-commerce is also one of the important fulcrums for fostering new dynamics in foreign trade.

02

Benchmarking what rules?

The Central Economic Work Conference also emphasized the relaxation of market access for telecommunications, medical and other services, benchmarking against international high-standard economic and trade rules, seriously addressing the cross-border flow of data, equal participation in government procurement and other issues, and continuing to build a first-class business environment that is market-oriented, rule of law, and internationalized, and to create an "Invest in China" brand. International Trade and Economic Cooperation Institute of the Ministry of Commerce degree committee member Bai Ming said in an interview with reporters, these are important initiatives to expand the high level of opening up to the outside world, reflecting a more comprehensive focus. Specifically on the business environment, is to deepen the reform of the administration of services, against the international high standard economic and trade rules, especially at present to the World Bank's new round of business environment assessment system. "Benchmarking international high standard economic and trade rules" was also highlighted by Sang Baichuan. "We want to promote foreign trade and foreign investment in the process of development, to create a good institutional environment, through the benchmarking of international high standard economic and trade rules, the construction of a higher level of open economy new system, which is to promote the sustained stability of foreign trade and high-quality development of the important guarantee." At present, China's service industry is relatively under-opened. The meeting emphasized "relaxing market access in telecommunications, medical and other service industries", Sang Baichuan said, which further reduced the negative list of market access in the service industry, which is conducive to attracting foreign investment in the service industry and promoting the development of trade in services, which is also the direction of the development of openness that we have established.

03

What projects to do?

The Central Economic Work Conference emphasized that the implementation of the eight actions to support the high-quality co-construction of the "Belt and Road", and to promote major landmark projects and "small and beautiful" livelihood projects. In Sang Baichuan's view, the 10th anniversary of the initiative to build a "Belt and Road" has become a popular international public product, which is not only a platform for international regional cooperation, but also an important platform for China to participate in global economic governance. This time, the proposal of "coordinating the promotion of major landmark projects and 'small and beautiful' livelihood projects" is a clear construction content, and the construction of the Digital Silk Road, green "Belt and Road" is highly compatible. The construction of the Digital Silk Road and the Green Belt and Road are highly compatible with each other. "Only by building the 'Belt and Road' in high quality can it better benefit the co-construction countries, make the people of the co-construction countries benefit from it, and raise the social welfare level of the relevant countries."