Fujian Business Needs To Realize 2 Trillion And 500 Billion Yuan Business Pactions In 2020.

Our province's "13th Five-Year" business development special plan has been promulgated and implemented recently. It is clear that in 5 years, the main direction of pformation is to upgrade the structure of supply side, so as to speed up the construction of the pilot area, and build an upgraded version of Fujian's business development, and strive to achieve a breakthrough of 2 trillion and 500 billion yuan in 2020.

The plan defines eight major objectives of the business development in 13th Five-Year, including the construction of free trade pilot area, domestic trade circulation, trade in goods, service trade, utilization of foreign capital, foreign investment, e-commerce and port docking.

According to the plan, during the "13th Five-Year" period, the development level of domestic trade circulation in our province was further improved, the market system was gradually improved, the pace of pformation and upgrading of key circulation industries was accelerated, the circulation efficiency was effectively improved, the consumption environment was continuously optimized, and consumer demand grew steadily.

The total retail sales of consumer goods increased by 11% annually.

The import and export of foreign trade has stabilized, and the export volume has increased by 2% annually.

Foreign trade structure has been further optimized, new competitive advantages have been gradually formed, and trade mode innovation has made significant progress.

In terms of service trade, the scale continues to expand and the structure is constantly optimized.

By 2020, the import and export volume of service trade exceeded US $40 billion, with an average annual growth of 12%, accounting for over 13% of total foreign trade.

The quality of utilizing foreign capital has improved significantly, and a number of foreign investment projects of high-end manufacturing and modern service industries have been successfully landed, with an average annual utilization of foreign capital of 7 billion 500 million US dollars.

The pace continued to accelerate. Over the past 5 years, the total amount of foreign direct investment actually exceeded US $5 billion 500 million, forming a large number of multinational companies with large scale, good efficiency, strong competitiveness, and driving over US $10 million in exports.

In terms of e-commerce, we have built more than 10 e-commerce platforms with leading and exemplary roles around the province, focusing on key industries and advantages in our province.

Cultivation and introduction of annual turnover of over 10 billion yuan.

There are more than 5 leading enterprises.

By 2020, the annual volume of e-commerce pactions in the province will strive to exceed 2 trillion and 500 billion yuan.

With regard to the construction of the FTA pilot area, the plan puts forward that the system innovation has achieved remarkable results, and the development function has basically taken shape. It has become a free trade zone with convenient investment and trade, prominent financial innovation function, sound service system, efficient and convenient supervision, and standardized legal environment.

At the port customs clearance, port opening continues to push forward and port customs clearance.

With continuous optimization, customs clearance is more convenient, efficient and cheaper. International trade "single window" level is further enhanced, and port cooperation between Fujian and Taiwan is further deepened.

During the "12th Five-Year" period, our province accumulated a total of 34 billion 20 million US dollars in foreign capital utilization, an increase of 38.9% over that of 11th Five-Year.

With the rapid development of foreign investment, as of the end of 2015, the number of overseas investment enterprises (including overseas institutions) reached 1911 in the whole province, 857 more than those at the end of 11th Five-Year, and the total actual investment amount of foreign direct investment was 5 billion 140 million US dollars, exceeding the target of 1 billion 200 million US dollars, 3.5 times higher than that of 11th Five-Year.

In addition, the construction of Fujian pilot free trade zone has yielded initial results. 186 key test tasks have been implemented in 139. Among the 126 innovative initiatives launched, 49 are among the first in the country, 30 have been promoted in the whole province, and a number of innovative achievements have been duplicated in the whole country, including the registration system of "one photo, one yard", the process of processing, leaving the country, the classification and supervision of goods, and the reform of the management of origin. The international trade "single window" and the "four one" reform of Pingtan's investment system have been selected as the best practice cases of the national FTA.

It is understood that during the "12th Five-Year" period, our province's business development achieved remarkable results.

The total retail sales of consumer goods in the province increased by 14.6% annually, and the total volume of foreign trade and imports increased by 9.3% annually. The average annual utilization of foreign capital was 6 billion 800 million US dollars, and the 3 indicators exceeded the target task.

Last year, the total retail sales of consumer goods in the province broke through trillion yuan for the first time, amounting to 1 trillion and 50 billion 590 million yuan, and e-commerce pactions amounted to 711 billion 600 million yuan.