Of the Two Ses­sions

China's Foreign Trade (English) - - Special Report -

RJiang Zeng­wei | CCPIT Chair­man

ecent years have seen Chi­nese en­ter­prises’ ex­pand­ing their busi­ness overseas, hav­ing more pas­sion and ca­pa­bil­i­ties to in­volve into global eco­nomic gov­er­nance and play­ing a larger role in global eco­nomic gov­er­nance. As a na­tional trade pro­mo­tion in­sti­tu­tion, the CCPIT will fur­ther im­prove its work mech­a­nism, to en­hance China’s say over in­ter­na­tional regimes in global eco­nomic gov­er­nance.

Last year the CCPIT or­ga­nized B20 meet­ing, an im­por­tant event of G20 Sum­mit. Busi­ness and in­dus­try peo­ple from the world have been ac­tively in­volved in the meet­ing and pro­posed 20 im­por­tant pol­icy rec­om­men­da­tions and 76 mea­sures on task forces of fi­nance-driven growth, trade and in­vest­ment. The meet­ing fi­nally pro­duced 2016 B20 Pol­icy Rec­om­men­da­tion Re­port, which was sub­mit­ted to Pres­i­dent Xi Jin­ping at the open­ing cer­e­mony of B20 Sum­mit held last Septem­ber. Many pol­icy rec­om­men­da­tions have been adopted by G20 com­mu­niqué, and pro­vided im­por­tant ref­er­ence to G20 sum­mit. This in­di­cated the role played by busi­ness in­dus­tries in global eco­nomic gov­er­nance. Mean­while, dur­ing the prepa­ra­tion of B20 sum­mit, Chi­nese busi­ness in­dus­tries were fully en­gaged in the dis­cus­sion and rais­ing of poli­cies, which added a lot of China fac­tors into the re­port. For ex­am­ple, Chi­nese en­trepreneurs pro­posed the es­tab­lish­ment of EWTP, and the im­ple­men­ta­tion of G20 smart in­no­va­tion, which gained pos­i­tive re­sponse from the world busi­ness in­dus­tries. The in­ter­na­tional mar­ket still has many shin­ing growth points de­spite weak ex­ter­nal de­mands. The new com­pet­i­tive­ness is tak­ing shape, al­though tra­di­tional ad­van­tage is weak­ened. The in­dus­try de­vel­op­ment of emerg­ing mar­kets still have a large po­ten­tial, which pro­vides new sup­port to the for­eign trade de­vel­op­ment. Now the “Belt and Road” con­struc­tion is fully un­der way. It needs mo­bi­liza­tion of all ar­eas of re­sources, the con­trol of di­rec­tions and co­or­di­na­tion by the govern­ment and also the larger in­put of trade and in­vest­ment pro­mo­tion in­sti­tu­tions. It shall or­ga­nize and di­rect more so­cial pow­ers to en­gage and form a con­di­tion of “govern­ment leads, so­cial re­sources pro­mote and en­ter­prises par­tic­i­pates”. This year the CCPIT will or­ga­nize a se­ries of ex­hi­bi­tions and fo­rums to help com­pa­nies nur­ture self-owned brands, in­crease ex­port, and cre­ate overseas mar­ket­ing net­work. It will also pro­mote trade fa­cil­i­ta­tion, the de­vel­op­ment of new trade pat­terns, such as cross-border e-com­merce and mar­ket pur­chase trade, to carry for­ward trade trans­for­ma­tion and up­grad­ing. The CCPIT will also en­hance the trade dis­pute alarm sys­tem, ac­cel­er­ate the con­struc­tion of of­fi­cial pub­lic di­a­logue chan­nels and in­dus­try ne­go­ti­a­tion sys­tem. It will im­prove train­ing and con­sul­ta­tion ser­vices for com­pa­nies, or­ga­nize com­pa­nies to pre­pare the de­fense re­sponse and safe­guard the rights.

For­eign trade has in­creased by 20.6% in Jan­uary. In Fe­bru­ary, the growth rate will be 13.35% as cal­cu­lated by the US, and tar­iff in­come will also have grown. I think that the for­eign trade has picked up in the be­gin­ning of the year, mainly re­flected in four as­pects:

The first is the in­crease in trade vol­ume and the mar­ket de­mand. I want to em­pha­size that do­mes­tic de­mands have been in­creas­ing markedly. The sec­ond is that the high-tech prod­ucts and man­u­fac­tured prod­ucts have seen rapid in­crease. This shows that our trade struc­ture is im­prov­ing. The third is the fair trade with coun­tries along the “Belt and Road” route and nearly 70% coun­tries have seen in­crease of trade. The fourth is the rise of mar­ket ex­pec­ta­tion and cor­po­rate con­fi­dence. I think that we shall be more con­fi­dent when faced with dif­fi­cult times. The con­fi­dence, courage and the striv­ing spirit need to be en­hanced. So the cus­tom shall fol­low the spirit of Pres­i­dent Xi Jin­ping’s speech and the re­port, and I will talk about sev­eral points as fol­lows:

Firstly, the Cus­tom man­ages the coun­try’s door to the out­side world. It needs loyal com­mit­ment and pre­cise and ef­fi­cient man­age­ment to com­bat fraud and smug­gling, es­pe­cially the smug­gling of “overseas waste”. It shall safe­guard nor­mal trade or­ders and pro­tect peo­ple’s health and safety.

Se­condly, the Cus­tom shall use com­pre­hen­sive mea­sures. Plainly speak­ing, it shall re­duce the time of clear­ance by 1/3, to fa­cil­i­tate the for­eign trade of com­pa­nies. I think this year we will achieve na­tional clear­ance in­te­gra­tion, to in­crease work ef­fi­ciency and save time for com­pa­nies and peo­ple.

Thirdly, speak stan­dard mandarin. It is im­por­tant to speak stan­dard mandarin. We will set a sin­gle win­dow. On the one hand, it shall match in­ter­na­tional rules and stan­dards; on the other hand, we shall trans­form lo­cal di­alects to stan­dard mandarin. We will pro­mote free dec­la­ra­tion and the shar­ing of in­for­ma­tion re­sources. Our sin­gle win­dow will play a more im­por­tant role in clear­ance in­te­gra­tion, the con­nec­tion with the world and trade fa­cil­i­ta­tion in key points, routes and spread­ing ar­eas.

Fourthly, it is im­por­tant to re­duce tax and fees. We shall bear in mind the fee re­duc­tion and im­ple­ment the work. Now the Cus­tom has no ad­min­is­tra­tion fees, and has largely re­duced the op­er­a­tion fees. This year we will put more ef­forts into the work.

China en­joy large sur­plus when trad­ing with coun­tries of the “Belt and Road” re­gion. Such sur­plus was en­larg­ing last year. The ini­tia­tive for bi­lat­eral co­op­er­a­tion will be af­fected.

Some provinces and cities have at­tached im­por­tance to ex­port when de­vel­op­ing re­la­tions with coun­tries of the “Belt and Road” re­gion. Take China-europe Rail­way Ex­press for ex­am­ple, the out­bound de­liv­ery vol­ume is larger than the re­turn de­liv­ery vol­ume. Gen­er­ally speak­ing, China is still used to tap­ping mar­kets of other coun­tries. Stick­ing to such idea will im­pede the fu­ture co­op­er­a­tion. So my sug­ges­tion is that there shall be some long-term in­vest­ments to help lo­cal man­u­fac­tur­ing in­dus­tries de­velop pro­cess­ing ca­pac­ity, and we shall im­port more pro­cessed prod­ucts in­stead of raw ma­te­ri­als.

Talk­ing is al­ways eas­ier than ac­tion. It still needs fur­ther ex­plo­ration of en­ter­prises and guid­ance by the govern­ment. The in­vest­ment may last a long time, but it will im­prove trade bal­ance, ad­vance lo­cal in­dus­tri­al­iza­tion, cre­ate more jobs and im­prove lo­cal in­come. This will be strate­gi­cally ben­e­fit­ing to us. The out­bound in­vest­ment is key to the im­prove­ment and up­grad­ing of in­dus­trial ca­pa­bil­i­ties, the pro­mo­tion of M& A and en­hance­ment of in­ter­na­tional com­pet­i­tive­ness. China’s eco­nomic power will per­fectly match the global re­sources. Also the pri­vate econ­omy shall im­prove pro­tec­tions on in­tel­lec­tual prop­erty rights when in­tro­duc­ing global re­sources.

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