Zhang Xiangchen: This Year, Foreign Trade Has Stabilized, And Foreign Investment Has Continued To Grow Rapidly.

On December 22nd, Zhang Xiangchen, deputy representative of the international trade negotiations of the Ministry of Commerce, said at the eighth member conference of the China International Chamber of Commerce, "this year, China's foreign trade has stabilized and the foreign investment has been developing at a high speed."

China's foreign investment is still developing rapidly this year.

In the first 11 months, the foreign direct investment of non-financial sector amounted to US $161 billion 700 million, more than the level of 2015. It increased by 55.3% compared with the same period last year, and it will exceed US $170 billion in one month.

Non-financial direct investment in the "one belt and one way" countries amounted to US $13 billion 350 million, which accounted for more than the same period.

83%, especially in Singapore, Indonesia, India, Thailand, Malaysia, Vietnam, Laos, Iran and Russia.

At present, China has established 77 newly established overseas economic and trade cooperation zones in 36 countries, involving processing and manufacturing, resource utilization, agricultural industry, trade and logistics, technology research and development, etc., with a total investment of US $23 billion 390 million, 1467 member enterprises and 66 billion 510 million US dollars in output value.

It has already formed a certain scale in machinery, electronics, energy, mining, textile, automobile, motorcycle and other industries, and formed the agglomeration and development effect of enterprises holding together to sea.

"China's import and export trade has stabilized.

Trade growth has stabilized in the first three quarters of this year, especially in November, with foreign trade growth reaching 8.9% and export growth reaching 5.9%.

However, Zhang Xiangchen also said that China's foreign trade situation is still grim.

He suggested that we should see from a historical perspective: China's foreign trade share in the world reached 13.8%, ranking first.

Historically, the United States, Japan and Germany have reached or exceeded this level.

Research shows that when a country's trade share reaches about 10%, it is impossible to sustain sustained rapid growth.

"Based on such a huge volume and share, our foreign trade growth rate fluctuates, especially in such a complicated international context.

"Zhang Xiangchen said," the two driving forces of China's domestic driving trade growth, technological progress and institutional innovation, are also facing bottlenecks.

Labor and land element costs continue to rise.

China's traditional competitiveness is weakening, and labor-intensive industries are accelerating to move to the periphery.

Although the growth rate has declined,

It stressed that China's foreign trade structure adjustment has experienced positive changes.

This year, China's automobile exports to developed countries have achieved breakthroughs. In 1-8 months, exports to the United States reached 18 thousand vehicles, exports to the EU reached 11 thousand, and exports to developing countries grew faster.

Another bright spot is the rapid growth of cross border electricity supplier's comprehensive pilot area and market purchasing trade.

"This is a new way of trade, and it plays a significant role in promoting foreign trade in small and medium-sized enterprises."

Zhang Xiangchen said that the total amount of non-financial investment absorbed this year is basically the same as that of last year, which is about 120 billion dollars.

China has been in the first place for developing countries to attract foreign investment for 24 consecutive years.

In 12th Five-Year, the annual growth rate of China's actual use of foreign capital was 3.4%.

This is a relatively stable number, indicating that it is in a "platform period".

He pointed out that from the perspective of foreign investment, we still have comprehensive advantages: China is the second largest consumer market in the world, with a complete industrial system and perfect infrastructure, with 7 million 500 thousand university graduates every year.

"Joint China World Trade Center conference survey shows that China is still the most attractive investment channel in the world in 2016 and 2017," he said.

At the same time, Zhang Xiangchen also pointed out that China is facing "double squeeze" in foreign investment. On the one hand, the developed countries have introduced policies to attract funds to return. For example, the return of US manufacturing industry to us is a certain pressure. On the other hand, the neighboring developing countries, such as Vietnam, India and Malaysia, are greatly relaxing the restrictions on foreign investment access.

It will bring competition pressure to China's labor-intensive industries, such as light industry, textile, clothing and so on.

"Unlike foreign trade fluctuations, China's foreign investment has increased rapidly.

The "one belt and one road" initiative has played a leading role in the strategy.

He pointed out that the economic and trade exchanges between the countries along the route and our country have deepened day by day. China is the largest trading partner, the largest export market and the main source of investment for many of the countries along the line, which has the basis for further deepening economic and trade cooperation.

Specifically, China's foreign investment has the following characteristics:

Speed and scale grew faster.

During 12th Five-Year, the average annual growth of China's foreign investment reached 13.1%, and the external investment stock increased from 317 billion 200 million US dollars at the end of 11th Five-Year to 109780 billion US dollars at the end of 12th Five-Year.

China's overseas business enterprises have increased from 2.02 to 3, and total assets abroad have reached 4 trillion and 370 billion US dollars. It has surpassed Japan as the second largest foreign investor in the world, and has initially formed a pattern of net capital output.

Quality and level are also improving.

In the past, labor contract and project contract were the main ones. Now, through the investment, acquisition and joint venture, the marketing network R & D center has been established, and it is expanding from the past project contracting and civil engineering to the whole industrial chain, such as project financing, operation and management.

The contribution of foreign investment to China's economy is also improving. In 2015, the total sales of overseas enterprises in China amounted to US $1 trillion and 400 billion, and the import and export of domestic mining enterprises reached US $313 billion 200 million. 106 enterprises were selected as the Fortune 500 in the world, and the ability of pnational operation was improved.

Make positive contributions to the host country's economy.

In 2015, the total amount of tax paid by 3 overseas enterprises in China amounted to $31 billion 190 million and 2 million 837 thousand employees were employed.

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