Canton Fair: The Trend Of "Reverse Globalization" In Economic Policy Becomes More Serious.

According to reports, the Ministry of Commerce, led by the Ministry of Commerce, jointly formulated the "13th Five-Year plan" of service trade jointly issued by various departments.

According to the plan, the development of China's service trade will focus on the following keywords: "expanding scale, optimizing structure, increasing momentum, strengthening the foundation and promoting balance" during the "13th Five-Year" period.

For example, in terms of scale expansion, we will focus on cultivating a large number of multinational service enterprises and service brands with strong international competitiveness.

By 2020, China's service

The total will surpass trillions of dollars, average annual growth of more than 10%, and make up the proportion of China's foreign trade.

It is noteworthy that the "13th Five-Year plan" will give a detailed description of the regional and roadmap of China's service trade development.

At the regional layout level, we will focus on the layout of "three core, multi center and wide coverage".

That is to say, Beijing, Shanghai and Guangdong are the three cores, focusing on the development of high value-added and internationalized service areas, taking the provincial capital city and regional central city as the center, developing trade in services in combination with their own characteristics, and combining the characteristics of some ports or service industries, finally forming a comprehensive coverage of the coordinated development of the eastern, central and western regions.

Of course, compared with the rapid growth of service trade, the opening level of domestic service market needs to be further deepened.

Because the increase and decrease of scale can not represent the change of competitiveness of foreign trade, we should focus on optimizing foreign trade structure and cultivating new market players, giving more support to independent innovation.

In May last year, the State Council issued some opinions on accelerating the fostering of new advantages in foreign trade competition, and proposed that China should vigorously promote the pformation of foreign trade from scale speed to quality and efficiency, and promote exports to be pformed from goods to goods, services, technology and capital output.

Strive to consolidate the traditional advantages of foreign trade by 2020, and make substantial progress in cultivating new competitive advantages.

In May this year, the State Council issued several opinions on promoting the stability of foreign trade, and stressed again that we should focus on optimizing the structure of foreign trade.

In addition, the turnover of mechanical and electrical products in the Canton Fair has increased significantly, and the increase in popularity and the enlargement of pactions in emerging economies have made our trade structure adjustment potential promising.

Despite the decline in China's foreign trade growth, the achievements in optimizing the structure and nurturing new market players are obvious to all: the private sector's share in foreign trade has been rising, accompanied by the "going out" or "direct" of enterprises.

Investment driven trade is growing rapidly, the total volume of service trade continues to grow rapidly, and the proportion of foreign trade has increased. The adjustment of the internal structure of service trade shows that China's economic restructuring is deepening.

The opening level of domestic service market needs to be further deepened.

Scale increase and decrease can not represent the change of competitiveness of foreign trade. We should focus on cultivating market players and give more support to independent innovation.

The Canton Fair has always been known as the "weathervane" and "barometer" of China's foreign trade. The 120th China Import and Export Fair ("Canton Fair") ended in Guangzhou last Friday.

The two indicators to measure the cold and warm of the Canton Fair (the purchasers and sales volume) to achieve "double growth" - the procurement business report to 185 thousand and 700 people, the export turnover of 187 billion 301 million yuan, compared with the autumn fair last year, the two increased by 4.6% and 3.2% respectively.

This is basically echoed with the trend of China's foreign trade import and export this year, which confirms that China's foreign trade is now stabilizing to a good trend.

In this Canton Fair, the most prominent performance is the significant growth in volume of major countries along the belt and road.

The number of purchasing reports to the 81 thousand and 600 countries along the "one belt and one road" has increased by 7.93%, accounting for 44% of the total, and the turnover of exports has increased by 1.5%, accounting for 29.6%.

Among them, Uzbekistan, Cyprus, Nepal, Serbia and other non-traditional mainstream procurement countries in this Canton Fair turnover growth was staggering, an increase of more than 350% over the previous year.

In addition, the e-business platform is developing well.

As of September, the Canton Fair's e-commerce platform registered 129870 buyers and more than 3000 suppliers.

In addition to the electronic commerce platform, the Guangzhou Fair also launched APP, an e-commerce purchaser.

As of October 31st, APP has been downloaded for 18 thousand times, with more than 50 thousand visits.

The bilateral trade between our country and its main trading partners decreased by 3.3% and 0.8% respectively, and the import and export of foreign investment enterprises and state owned enterprises decreased by 4.1% and 9.8% respectively, and the import and export of processing trade dropped by 7%.

At this Canton Fair, the proportion of short and medium orders is high, and the short and medium order accounts for 81.6% in 6 months.

China's foreign trade situation report (autumn 2016), jointly issued by the Ministry of Commerce and the international trade and Economic Cooperation Research Institute in November 2nd, also shows that although the decline in import and export in China has been narrowed in the first three quarters, the downward pressure on imports and exports in the fourth quarter is still relatively large.

The report holds that with the continuous structural adjustment of major economies and the restructuring of the global value chain, a major adjustment has taken place in the global trade cycle, which takes the "consumer country producer country resource" as the core chain. The trend of "reverse globalization" of major economies in economic policy is becoming more and more serious, and the path of economic globalization has undergone profound changes.

What is more noteworthy is our country.

The global share is decreasing.

According to WTO statistics, China's exports accounted for 13.90% of the world's major economies in the first 7 months of this year, down 1.05 percentage points from 14.95% last year.

This is the second decline in the share of China's exports of goods since the reform and opening up, the last time it was in 1996, when the fall was less than 0.1%.

According to Chinese customs data, exports in China decreased by 6.4% and 6.9% in August and September respectively.

Moreover, China's export advantage is weakening.

India, one of China's main competitors, exports fell 4.8% in the first 8 months, down by 2.3 percentage points compared with 2.3 percentage points in China. Its dominant service trade rose 24.5% in the first 7 months of this year, while the export growth rate of China's service industry was not lower than that of India. However, the deficit increased significantly, indicating that China's trade in services has yet to establish new advantages in the field of trade in services.

There is a serious structural imbalance in China's service trade.

The surplus in service trade mainly comes from the human resource intensive industries, while the technology intensive services, capital intensive services, environmental resource intensive services and trade in services closely related to trade in goods have been in deficit for a long time. Especially, tourism service trade, pport service trade and financial insurance services have become the main source of deficit.

At present, in the global commodity trade, the proportion of service trade exceeds the proportion of goods trade.

With the sustained and rapid growth of Global trade in services, it is urgent for China to deepen trade structure adjustment and pform local productive factors into service trade advantages.

Despite the decline in China's foreign trade growth, the achievements in optimizing the structure and cultivating new market players are obvious: first, the rapid development of the private economy and the continuous improvement in foreign trade; two, with the "going out" or direct foreign investment, China's investment driven trade is growing rapidly.

The total volume of service trade continues to grow rapidly, and the proportion of foreign trade has increased. The adjustment of the internal structure of service trade shows that China's economic restructuring is deepening.

As China becomes the largest trading country in the world, the rapid growth of service trade can help foreign trade import and export, and import of producer services is an important power to upgrade our manufacturing industry, such as technology import, patent purchase and so on, which play an important role in the technological upgrading of manufacturing enterprises.

Last year, the value added of China's service sector accounted for 50.5% of GDP, an increase of 2.3 percentage points over the previous year, and the growth rate of the service sector was 8.3%, faster than that of the industrial scale (above scale) 2.2 percentage points.