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Ministry of Commerce: Further expand the opening up of commodity markets, service markets, capital markets, etc.

2024-08-02

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Cailianshe reported on August 2 that the State Council Information Office held a series of themed press conferences on "Promoting High-quality Development" at 10 a.m. today. Li Yongyan, Deputy Representative of International Trade Negotiations of the Ministry of Commerce (Deputy Ministerial Level), and others attended the press conference to introduce the situation and answer questions from reporters.

Ministry of Commerce: Promote the construction of a unified national market and steadily expand institutional opening-up

Li Yongyan, deputy representative of the Ministry of Commerce for international trade negotiations, said at a press conference held by the State Council Information Office today that the Third Plenary Session of the 20th CPC Central Committee, which just concluded, made systematic arrangements for further deepening reform in an all-round way. The Ministry of Commerce will thoroughly study and implement the spirit of the meeting, promote the construction of a unified national market, steadily expand institutional opening-up, deepen foreign trade system reform, deepen foreign investment and outbound investment management system reform, optimize the regional opening-up layout, and improve the high-quality joint construction of the "Belt and Road" mechanism, so as to make new contributions to promoting Chinese-style modernization with the actual results of business reform and development.

Ministry of Commerce: We will use multiple bilateral mechanisms to help companies actively respond to unreasonable trade restrictions

Li Yongyan said that at present, the complexity and severity of the external environment have increased, and we must fully estimate the severity of the difficulties and challenges in the field of foreign trade. Many international organizations believe that global trade in goods has been in a moderate recovery range since the beginning of this year, but geopolitical tensions, increased trade restrictions, and intensified industrial policy competition among countries may have a significant negative impact. The latest monitoring of the WTO shows that the import restrictions adopted by members have increased significantly. The measures that have come into effect in 2024 are expected to affect US$2.3 trillion in imports, accounting for 9.7% of the world's total imports, the highest level since 2020. To achieve the goal of increasing the quality and quantity of foreign trade throughout the year, the key is to continue to work hard in the second half of the year. We will make good use of multiple bilateral mechanisms to help companies actively respond to unreasonable trade restrictions, support more companies to expand international markets based on platforms such as the Canton Fair, strive to create a stable and predictable trade policy environment, increase efforts to cultivate new momentum for foreign trade, and enhance the comprehensive competitiveness of foreign trade. At the same time, we will continue to deepen mutually beneficial cooperation with trading partners and jointly maintain the stability and smooth flow of the global industrial chain and supply chain.

Ministry of Commerce: Encourage cross-border e-commerce platforms to expand product categories and service functions

Li Xingqian, Director of the Department of Foreign Trade of the Ministry of Commerce, said at a press conference held by the State Council Information Office today that China will deepen international cooperation, actively participate in international multilateral and bilateral negotiations, and use the bilateral economic and trade joint committee and trade facilitation working group as communication mechanisms to promote the experience, practices and achievements of my country's cross-border e-commerce development. China will vigorously develop "Silk Road e-commerce" and support cross-border e-commerce comprehensive pilot zones, industries and enterprises to actively carry out international exchanges and cooperation. China encourages cross-border e-commerce platforms to expand the categories of goods and service functions, and supports the healthy development of consumer goods e-commerce platforms that are mainly oriented to the C-end, as well as the innovative development of industrial equipment, semi-finished products and parts e-commerce platforms that are mainly oriented to the B-end.

Ministry of Commerce: We are studying and formulating a comprehensive document to implement the free trade pilot zone enhancement strategy

Zhu Bing, Director of the Foreign Investment Administration Department of the Ministry of Commerce, said at a press conference held by the State Council Information Office today that we should strengthen overall planning and system integration to enhance the functions of the comprehensive experimental platform for reform and opening up. We will further enhance the systematic, holistic and coordinated nature of reforms by focusing on the in-depth implementation of the free trade pilot zone enhancement strategy. At present, we are studying and formulating a comprehensive document on the implementation of the free trade pilot zone enhancement strategy, and will launch a number of leading and integrated reform measures to explore more successful experiences that can be replicated and promoted for comprehensively deepening reforms.

Ministry of Commerce: Will support each free trade pilot zone to further deepen differentiated exploration

Zhu Bing said that the integrated innovation of the entire industrial chain will be strengthened to enhance the development momentum of new quality productivity. We will support each free trade pilot zone to further deepen differentiated exploration, give full play to the advantages of good industrial foundation, high concentration and strong innovation, focus on key areas such as bulk commodities, biomedicine, equipment manufacturing, and marine economy, promote the innovative development of the entire industrial chain, and strive to form more institutionalized innovative results in the development of new quality productivity.

Ministry of Commerce: We will conduct in-depth research on further opening up the commodity market, service market, capital market, etc. based on the free trade pilot zone

Zhu Bing said that we should deeply connect with international high-standard economic and trade rules and improve the level of institutional opening-up. In terms of rule connection, we will do a good job in the implementation, summary evaluation and replication and promotion of the pilot projects of connecting the free trade pilot zones with international high-standard economic and trade rules, and promote the release of policy dividends on a larger scale. At the same time, we will strengthen the forward-looking research of rules, carry out new pilot tests in the fields of property rights protection, environment, government procurement, e-commerce, finance, etc., and realize the intercommunication and compatibility of rules, regulations, management and standards. In terms of opening up in key areas, we will conduct in-depth research on relying on the free trade pilot zones to further expand the opening up of commodity markets, service markets, capital markets, etc., and take the two negative lists of foreign investment access and cross-border service trade as important work starting points to promote the first opening up of related service fields.