Ministry Of Commerce: China Will Actively Promote Pformation And Upgrading Of Processing Trade.

The Ministry of Commerce held a symposium on the pformation and upgrading of processing trade in Suzhou, Jiangsu, in from July 1st to 2nd.

Jiang Yaoping, Vice Minister of Commerce, said that processing trade is in line with China's national conditions. It is an important way for China to make use of two domestic and international resources and two markets, relieve employment pressure, improve the level of industrial development and enhance international competitiveness. China will actively promote processing.

In the past 30 years since the reform and opening up, China's processing trade has achieved leaping development. The total volume has been expanding and the industrial level has been gradually improving. It has become a major component and important driving force of foreign trade and utilization of foreign capital. The import and export volume of processing trade has increased from US $1 billion 670 million in 1980 to US $1 trillion in 2008, occupying half of China's foreign trade.

The development of processing trade has played an important role in expanding employment, optimizing industrial structure, promoting technological progress, strengthening economic and trade relations with Taiwan, Hong Kong and Macao, and promoting economic and social development.

Jiang Yaoping said that promoting the pformation and upgrading of processing trade is an important and urgent strategic task of the CPC Central Committee and the State Council. It is the necessity of implementing the Scientific Outlook on Development and the inevitable requirement for achieving sustainable and coordinated development of the national economy. It is also an important measure to change the mode of foreign trade development and enhance the endurance of sustainable development.

Since August 2008, the international financial crisis has seriously impacted China's processing trade.

At present, processing trade has achieved a resumption of growth, but the foundation for growth is still not solid. Processing trade is facing increasing internal and external pressures.

At present, the pformation and upgrading of processing trade is also facing a new round of optimization and reorganization of global production factors and new opportunities for industrial pfer.

In the coming period, global industry will be in a stage of rapid adjustment and integration. The momentum of cross-border pfer of R & D internationalization, service outsourcing and high-end manufacturing industry will continue to strengthen. Through pformation and upgrading, China's position in the international division of labor will continue to rise.

In recent years, the eastern coastal provinces and cities continue to explore new ways to promote the pformation and upgrading of processing trade under the new situation, and have accumulated successful experiences.

Guangdong province has set up 1 billion yuan processing.

Jiang Yaoping said that the pformation and upgrading of processing trade can not be divorced from China's reality, and should adapt to the pace of China's economic development and the adjustment of industrial structure. We must follow the market rules, adjust measures to local conditions, step by step, constantly sum up experience, and constantly explore the development path.

On the basis of summing up local experience, the Ministry of Commerce will work closely with relevant departments to revise and perfect the guiding opinions on promoting pformation and upgrading of processing trade, so as to promote the pformation and upgrading of China's processing trade.

The office of the central financial and economic leadership group, the Ministry of finance, the Ministry of human resources and social security, the General Administration of customs and the General Administration of Taxation, and the heads of the eastern coastal provinces and cities and foreign trade departments of Beijing and Shanghai attended the forum. Guangdong, Jiangsu business departments, Suzhou government and Suzhou Samsung Semiconductor Company, Jiangsu sunshine group and other enterprises made an exchange of speeches, and discussed the relevant policies to improve the pformation and upgrading of processing trade.