The Ministry of Commerce responds to foreign capital flight: smart entrepreneurs will not give up the Chinese market

category:Finance
 The Ministry of Commerce responds to foreign capital flight: smart entrepreneurs will not give up the Chinese market


Ministry of Commerce: novel coronavirus pneumonia has greatly impacted on Chinas economic and social development, and business reform and development are more severe.

Zhong Shan, Secretary of the Party group and Minister of the Ministry of Commerce, said that last year, in the context of the complex and severe domestic and international situation, Chinas consumption, foreign trade and foreign investment have all reached a new record, and the reform and development of business has achieved positive results. This year, the novel coronavirus pneumonia has greatly impacted the economic and social development of our country, and the situation of business reform and development is more severe, more complicated and more challenging.

Zhong Shan, Minister of Commerce, said that the next step is to focus on optimizing the layout and promoting the chain development of convenience stores. We will promote the standardization of the food market. We will promote the transformation and upgrading of pedestrian streets, and launch the second batch of pilot pedestrian streets. Help catering enterprises to overcome difficulties, overcome difficulties, and promote the development of catering industry.

Zhong Shan, Minister of the Ministry of Commerce, said that in recent times, some policies and measures have also played a role. For example, the speed of export tax rebate has been accelerated. It used to take more than ten days, but now it is shortened to about one week, which is conducive to the capital turnover of enterprises. Then we should expand the scale of enterprise credit and help enterprises solve the problem of capital difficulty. To expand the coverage of credit insurance, China SINOSURE has now helped 110000 enterprises. Most of the foreign trade enterprises used to export only. Now, after the export is blocked, the government supports them to export to domestic sales.

[Ministry of Commerce: to expand the production and trade of medical products and medical products

Novel coronavirus pneumonia is a statement of the second meeting of the G20 trade minister to tackle the new crown pneumonia video conference, which is approved by the Ministry of Commerce today. It has adopted a statement on G20s response to the new crown epidemic situation and supporting collective action of trade and investment. The statement said that novel coronavirus pneumonia should be strengthened by WTO in order to ensure the stability of international trade and ensure the predictability of international trade. It also called for the exploration of WTO, a new WTO with the new cap pneumonia, aimed at making the supply chain more open and more resilient, especially for expanding pharmaceutical products, medical products and other health products. Production and trade of health products.

[Ministry of Commerce: promote the chain development of convenience stores and promote the standardization of the vegetable market

[Ministry of Commerce: relevant negotiation and consultation of RCEP are still in normal progress

Wang Shouwen, Vice Minister of Commerce and deputy representative of international trade negotiation, said that the RCEP negotiation has now been changed to a video conference, and relevant negotiation and consultation are still in normal progress. At present, the legal text review of RCEP has been completed nearly 80%, which is expected to be completed by the end of June. All parties will strive to sign RCEP within this year, which is of great significance for the region to cope with the negative impact of the epidemic.

[Ministry of Commerce: encourage more foreign investors to invest in the central and western regions and the old industrial bases in the Northeast

Zhong Shan, Minister of Commerce, said that we should increase the opening up of the central and western regions and the old industrial bases. The development environment in these regions is getting better and better. Moreover, the state has many supporting policies for these regions. We encourage more foreign businessmen to invest in the central and Western Regions and the old industrial bases in the northeast.

The Ministry of Commerce said that the third Import Expo will be held in Shanghai, China, from November 5 to 10 this year. The overall framework is basically the same as the previous two sessions, including the national comprehensive exhibition, enterprise business exhibition and Hongqiao International Economic Forum.

Attached with the actual record of the conference

Hu kaihong:

Good morning, ladies and gentlemen. Welcome to the press conference held today by the Information Office of the State Council. From today on, we will hold a press conference intensively, asking the leaders of relevant departments to introduce the economic and social development of China. This morning, I am very pleased to invite Mr. Zhong Shan, Secretary of the Party group and Minister of the Ministry of Commerce, Mr. Wang Shouwen, vice minister and deputy representative of international trade negotiations, and Mr. Wang Bingnan, vice minister, to introduce to you the relevant information about stabilizing the basic chart of foreign trade and foreign investment, promoting the high-quality development of Commerce, and to answer your questions.

First of all, lets welcome minister Zhong to make an introduction.

Last year, against the background of complex and severe domestic and international situation, Chinas consumption, foreign trade and foreign investment have all reached a new high in history, and business reform and development have achieved positive results. This year, the novel coronavirus pneumonia has greatly impacted the economic and social development of our country, and the situation of business reform and development is more severe, more complicated and more challenging.

Now, my colleagues and I would like to answer your questions. thank you.

Hu kaihong:

Thank you, Minister Zhong, for your very brief introduction. I will leave more time for journalists to ask questions. Start asking questions.

We all know that during the epidemic period, the protection of residents necessities is a great challenge. In many countries, there has been a situation of out of stock and rush to buy. However, some time ago, China had a beautiful battle in the protection of necessities. Excuse me, what has the Ministry of Commerce done? thank you.

Zhongshan:

To ensure the supply of necessities for the whole country is related to the peoples livelihood, and also to win the anti epidemic prevention and control resistance war. This task is very arduous. During the epidemic period, Chinas market supply was generally sufficient, and there was basically no out of supply and out of stock, and the price was basically stable. Under the leadership of the Party Central Committee, we have done three major tasks:

First, ensure the supply of key areas. The key areas are Wuhan, Hubei and Beijing. On January 23, our ministry established the nine province joint guarantee and supply mechanism, the main purpose of which is to know the supply and demand situation in time, help the supply of necessities in key areas in time, and realize efficient allocation. At the same time, in order to implement all the work of supply assurance, the Ministry of Commerce sent three working groups to Wuhan for coordination, mainly for coordination and supervision. During the epidemic period, the mechanism of joint guarantee and supply of nine provinces played a role in what Wuhan lacked and needed. For example, when the epidemic broke out, there were not enough vegetables in Wuhan. In two days, Chongqing sent 400 tons of vegetables to Wuhan. During this period, there were not enough disposable lunch boxes in Wuhan, and Hunan organized them in 10 hours. In addition, Guangxi, Shandong and Yunnan, the major vegetable producing provinces, have all sent vegetables and necessities to Wuhan, and some have opened special trains. After the joint guarantee and supply mechanism of nine provinces was put into operation, during the epidemic period, the supply of necessities in Wuhan and Hubei was basically good and sufficient. In addition to Hubei Province, there are eight other provinces, which prefer to have a tight supply. As long as Wuhan and Hubei need, they will give priority to supply to Wuhan and Hubei. Especially during the period when Wuhan is closed, the supply of Wuhan is higher than the national average. Necessities such as rice flour oil, meat, egg milk, fruits and vegetables are basically more than one week, and the highest is more than 30 days, so this level is much higher than the national average.

The second is to strengthen the overall planning of the national market. We have established a national daily newspaper mechanism to strengthen market monitoring of eight categories of key necessities of life. We have a timely grasp of what is missing, what is missing, and how much is missing every day. At the same time, in order to ensure the national material supply, we have also identified 500 key guaranteed supply enterprises. These enterprises include not only production enterprises, but also wholesalers, retailers, e-commerce. Of course, transportation is indispensable, and any shortage will be filled soon. For example, in Beijing, when the storage of instant noodles was tight, 2 million barrels of instant noodles were immediately organized, and the meat in Beijing was not enough during the outbreak, so it was immediately transferred. In fact, the whole country is the same. If there is a shortage of goods in any place, they can be transferred immediately. In general, the national market supply guarantee is powerful and effective.

International market news:

The foreign trade industry has driven 180 million jobs. Under the influence of the epidemic, foreign demand is weak. Many enterprises are forced to stop production because of no orders. What measures will the Ministry of Commerce take to reduce enterprise bankruptcy and stabilize foreign trade orders?

Zhongshan:

Thank you for your question. With the spread of the global epidemic and the sharp decline of international market demand, Chinas foreign trade is facing unprecedented challenges this year. The Ministry of Commerce will make every effort to stabilize foreign trade in accordance with the requirements of the six stabilities and six guarantees of the central government.

First, help enterprises through difficulties. As you said just now, affected by the epidemic situation, our enterprises are very difficult, such as the shortage of funds, the decline of orders, the rise of risks in the industrial chain and supply chain. In the early stage, these foreign trade enterprises could not get orders out, because the logistics is not smooth, and in the later stage, they have production capacity, but there is no order, which has caused great difficulties to these enterprises. We have also analyzed these difficulties. Some of them can be solved through their own efforts, and some of them need the help of the government. For example, in terms of Finance and taxation, finance and insurance, we need government support and help. Since the outbreak of the epidemic, the Party Central Committee and the State Council have studied for many times how to solve practical difficulties and problems and help enterprises overcome difficulties. Recently, some policies and measures have also played a role. For example, the speed of export tax rebate has been accelerated. It used to take more than ten days, but now it is shortened to about one week, which is conducive to the capital turnover of enterprises. Then we should expand the scale of enterprise credit and help enterprises solve the problem of capital difficulty. To expand the coverage of credit insurance, China SINOSURE has now helped 110000 enterprises. Most of the foreign trade enterprises used to export only. Now, after the export is blocked, the government supports them to export to domestic sales. This work has now achieved results. In April, the domestic sales of export enterprises increased by 17%, which shows that high-quality foreign trade products are also welcomed by domestic consumers.

Second, optimize the layout of the international market. Due to the epidemic situation, the demand of the international market has declined, but it does not mean that there is no demand or no market. One belt, one road, is to consolidate the traditional market and develop new markets. Western countries are not bright east. Now, the demand for some countries has dropped sharply. But we have other markets, such as the first 4 months, the total volume of Chinas imports and exports has dropped by 4.9%. And ASEAN, now Chinas largest trading partner. We should actively expand imports while expanding exports, well prepare for the third China International Import Expo, and meet the needs of domestic production and life. At the same time, it will further promote global open cooperation.

Third, cultivate new trade patterns and new models. In recent years, cross-border e-commerce, market procurement and trade modes have developed rapidly. This year, we have accelerated the implementation of pilot projects, especially the expansion of cross-border e-commerce comprehensive pilot areas from the original 59 to 105. We need to support the development of these new formats, cultivate new momentum of foreign trade, and make these new models and new formats become new highlights of foreign trade development. thank you.

China Daily:

Just now, one belt, one road, the countries along the border are mentioned. One belt, one road, one belt, one road, was introduced by general secretary Xi Jinping last year in the second summit of the one belt and one way International Cooperation summit. Will one belt, one road, economic and trade cooperation, especially some major projects, face some challenges during the epidemic? What is the plan one belt, one road, and the other side? thank you.

Zhongshan:

Wang Bingnan:

Thank you for your question. The one belt, one road China initiative one belt, one road and another 6 years ago, has been adhering to the principle of sharing and sharing with other countries, and has continued to deepen pragmatic cooperation. According to statistics, from 2013 to 2019, the total volume of goods trade between China and countries along the line exceeded Seven point eight Trillion US dollars, with more than 110 billion US dollars of direct investment in countries along the belt and road, and nearly 800 billion US dollars of newly signed contract projects, a large number of major projects and industrial parks have been put into effect, which has greatly promoted mutual benefit, win-win results and common development. Building one belt, one road, has an increasing impact and charisma.

Novel coronavirus pneumonia one belt, one road, has been affected by the new crown pneumonia since its outbreak. For example, some overseas projects have encountered some difficulties in personnel flow, material support and other aspects, and the pressure of epidemic prevention and control is also great.

In the face of this complex situation, China and the co built countries are on the same footing to help each other and work together to reduce the impact of the epidemic. Overall, the current one belt, one Road Economic and trade cooperation has remained stable. In 1-4 months, the trade volume of goods with the countries along the border increased by 0.9% compared to the same period last year. The direct investment in non-financial sectors along the border area increased by 13.4% in dollar terms. Next, one belt, one road, one belt, one road, will be jointly implemented to promote the development of the one belt and one way and to make a new contribution to the construction of the community of human destiny. We focus on four aspects:

First, we will strengthen response to the epidemic. We will continue to pay close attention to the development of international epidemics, track and understand the difficulties and problems faced by overseas enterprises and projects, and study and issue targeted policies and measures in a timely manner. At the same time, we will further strengthen communication and cooperation with the co built countries to form a joint effort to jointly maintain the security and stability of the international industrial chain and supply chain.

Third, enhance investment cooperation. In line with the one hand one belt, one road high quality development requirement, we should strive to build a large number of projects with good comprehensive benefits and welcome all sides, and implement a number of assistance projects that will help local economic development and peoples livelihood improve. We will further promote the construction of overseas economic and trade cooperation zones, carry out the third party market cooperation with more countries and continuously enhance the level of foreign investment cooperation.

Four, one belt, one road story. One belt, one road, one belt, one road, one year ago, we created a typical project. We organized Chinese and foreign experts to create together, and published and published the story of common dream and one belt and one road. The book published 6 versions of the language. It has produced a good response at home and abroad through the promotion of online and offline synchronization. One belt, one road and one belt, one road, one belt, one road, and the international cooperation in anti epidemic. We will make people around the world better understand the great significance of the concept of the community of human destiny, and better understand the one belt and one road, and jointly promote the one belt and one road to go deep and steady. thank you.

Phoenix TV reporter:

We want to focus on a consumption issue. Minister Zhongs consumer market has begun to pick up recently. What other measures will the Ministry of Commerce take to promote consumption? thank you.

Zhongshan:

Thank you for your question. China is the second largest consumer market in the world, and consumption has become the first driving force for economic growth for six consecutive years. The CPC Central Committee regards expanding domestic demand as a major strategy. The Ministry of commerce should make efforts to expand domestic demand and promote consumption in the following aspects:

1u3001 Create 15 minute convenient life circle. There are many convenience stores in China, but the level is not high in general. There are only 130000 chain convenience stores in China, but the number is still far from enough to meet the needs of peoples life. Next, we should focus on optimizing the layout and promoting the chain development of convenience stores. There are also vegetable markets. There are many large and small vegetable farms in the community, but the overall level is not high. The next step is to promote the standardization of the vegetable market, improve the environment, enrich the varieties and improve the quality.

2u3001 We will promote the transformation and upgrading of pedestrian streets. Pedestrian street has a great impact on the consumption of the city, and it is also very demonstrative. At the end of 2018, the Ministry of Commerce launched 11 pilot projects to upgrade pedestrian streets nationwide, and achieved good results. Last year, the total passenger flow of 11 pedestrian streets exceeded 900 million, an increase of 22.6%, and the operating revenue reached 125 billion yuan, an increase of 17%. The next step will be to launch the second batch of pilot projects and strive to build the pedestrian street into a platform for consumption upgrading, a carrier for high-quality development and a window for opening up.

3u3001 Develop the life service industry. In recent years, the life service industry has developed rapidly. The epidemic has a great impact on the catering and domestic service industries. In the first four months, the catering revenue has dropped by 41%, and the domestic service has also dropped by a large margin. We need to help these enterprises overcome difficulties, overcome difficulties, and promote the development of these industries. Catering industry is not only a traditional industry, but also a sunrise industry. Food is the most important thing for the people. There is a huge development potential and space for catering industry in China. The catering industry accounts for 11% of the total retail sales of consumer goods in China, attracting 21 million jobs. We should vigorously support the development of catering industry in all regions, and promote a greener, healthier and safer catering industry. The other focus is the development of domestic service industry. Domestic service is connected with rural areas and towns at one end. Domestic service resources in China are very rich. There are a large number of labor force in rural areas and a large number of demand in cities. Last year, the income of domestic service industry in our country exceeded 690 billion yuan. Next, we should continue to do this work well. The Ministry of Commerce has set up a domestic service credit platform, which aims to standardize the business behavior of domestic enterprises, better protect the rights and interests of domestic workers, and better serve urban families. thank you.

Cgtn reporter of China International Television:

Wang Shouwen:

Thank you for your question. You are right. This epidemic has a huge impact on the world economy and trade, and also has a serious impact on the international industrial chain supply chain. After the outbreak of the epidemic, the WTO took active action and adopted a series of measures, such as calling on WTO members not to adopt the protectionist approach and to keep trade unblocked. If some trade restriction measures are needed in response to the epidemic, these measures should also be notified to the WTO to ensure openness and transparency. The WTO has also set up a special response group and a special website, which can play an important role.

To deal with the epidemic effectively, the main members of WTO recognize that WTO needs to play a greater role. Last Thursday, the G20 held its second special video conference of trade ministers, which Zhong Shan also attended. In this meeting, novel coronavirus pneumonia and global action on collective investment in G20 were adopted in the statement, calling for support for WTO in playing a greater role in promoting stability and predictability in international trade. Novel coronavirus pneumonia is also a requirement for WTO to explore new initiatives for the purpose of developing new supply chain, which is to make the supply chain more open and flexible, especially to expand the production and trade of pharmaceutical products, medical products and other health products.

As you mentioned just now, the director general of the WTO proposed to end his term ahead of time, and China respects the decision of the director general. China will work with other WTO members to ensure that the WTO can continue to operate normally and play its role. In the context of the global pandemic, we believe that it is in the interests of all parties to jointly safeguard the opening, security and stability of the supply chain of the international industrial chain. We also call on WTO members to oppose unilateralism and protectionism, keep their markets open and support the stability of the industrial chain and supply chain of international trade. We call on all parties to strengthen coordination in economic policies and trade policies, so that international transportation can be smooth, international logistics can be normal, and the trade chain, industrial chain and supply chain between countries can be safe, stable, open and smooth. thank you.

After the outbreak of the new crown epidemic, the production and operation activities of some foreign-funded enterprises have been affected by the epidemic. Some public opinions say that some foreign-funded enterprises are considering outward transfer, which raises some concerns about the prospect of Chinas utilization of foreign capital. What does minister Zhong Shan think of this? What measures will MOFCOM take to stabilize foreign investment? thank you.

Zhongshan:

Thank you for your question. The spread of the global epidemic really affects the global transnational investment, and Chinas utilization of foreign capital is also facing great challenges. Under the leadership of the Party Central Committee, three key tasks should be done to stabilize foreign investment:

Second, build an open platform. The pilot free trade zone and free trade port are the new highlands of reform and opening up in the new era. We need to build these open platforms and give full play to the leading role of demonstration. Since 2013, 18 pilot free trade zones have been established, accounting for 15% of Chinas total foreign investment, forming a number of replicable and replicable test results. Next, we will expand the scope of the pilot Free Trade Zone, give it greater reform autonomy, and promote the introduction of new opening measures. At the same time, we should further accelerate the construction of Hainan free trade port.

I want to emphasize here that Chinas advantage in utilizing foreign capital is obvious. China has rich and high-quality labor resources, complete industrial supporting capacity and a market of 1.4 billion people. I believe that smart entrepreneurs will not give up the huge Chinese market. thank you.

CNBC reporter:

When the epidemic spreads around the world, all countries pay more attention to this years fair. How about the preparations for the third China International Import Expo? Will it be affected by the epidemic? How do you predict the difference between this years fair and previous years? thank you.

Thank you for your question. China International Import fair is president Xi Jinpings own plan, personal deployment and personal promotion. It is an important measure for us to persist in reform and opening up and open the market to the world. The fair has been successfully held for the two time. The role of the international purchasing platform, investment promotion platform, cultural exchange platform and open cooperation platform has become increasingly prominent, and the comprehensive benefits have been continuously enlarged in the sea. It has made a great impact and has been widely praised.

As for the third Import Expo, we will hold it in Shanghai, China, from November 5 to 10 this year. The overall framework is basically the same as that of the previous two sessions, including the national comprehensive exhibition, enterprise business exhibition and Hongqiao International Economic Forum.

At present, the preparatory work has been carried out in an orderly manner and is progressing smoothly. In general, compared with the previous two sessions, it has the following characteristics:

First, the scale of the exhibition was further expanded. Global enterprises are enthusiastic to participate in the fair. Many enterprises say that the third fair is one of the most important exhibitions in the world this year. We plan to further expand the exhibition area on the basis of the second session. At present, the contracted exhibition area has exceeded the level of the same period last year.

Third, the exhibition structure was further optimized. According to the new development and demand of the global economy, this year we also set up public health and epidemic prevention exhibition area, energy conservation and environmental protection area and intelligent travel area. At present, more than 30 world top 500 public health enterprises and industry leading enterprises have signed up for the exhibition, with an exhibition area of more than 5000 square meters. Relevant national comprehensive exhibitions, Hongqiao International Economic Forum, urban service guarantee and other key work are now steadily advancing in accordance with the plan.

This year, in the context of the economic and trade impact of the epidemic, we held the third Import Expo, continued to expand imports and insisted on opening up Chinas market, which fully reflected Chinas responsibility as a major country and played an important role in accelerating the recovery of global economic growth and building an open world economy.

We have formulated a thorough work plan and strictly implemented the measures for epidemic prevention and control. We are confident to work with all parties to jointly hold an international first-class exposition with larger scale, better quality, stronger innovation, higher level and better effect.

The first two sessions of the fair have been greatly supported by news media friends. Every year, more than 4000 Chinese and foreign journalists attend and report on the event, making important contributions to the success of the fair. I would like to express my heartfelt thanks to you and to extend an invitation to friends of the press. Welcome to continue to participate in the third China International Fair. Thank you.

Reporter of Hong Kong China assessment press:

We have seen that the global epidemic has had a huge impact on the world economy and international trade and investment. I would like to ask the minister whether the epidemic will have an impact on the signing of the RCEP agreement and how is the current negotiation progress? What do you think of Indias withdrawal from signing the agreement? thank you.

Wang Shouwen:

The outbreak of the new crown epidemic this year has indeed had an impact on relevant negotiations and some conference organizations. However, RCEP members have improved their work plan and started to hold some face-to-face meetings. Now, they have changed to video meetings and increased the frequency of video meetings. Now, relevant negotiation and consultation of RCEP are still in normal progress. For example, for a very small number of remaining issues, all parties are in intensive talks. For the legal review of the text, nearly 80% has been completed. The goal is to complete the legal review of the text by the end of June.

You mentioned India. According to the requirements of last years leaders meeting, RCEP members studied Indias concerns and explored ways to promote a mutually satisfactory way to deal with them. Not long ago, 15 parties sent an invitation to India to return to negotiations through the chairman of RCEP Trade Negotiation Committee. In this regard, China welcomes Indias return to negotiations at an appropriate time. thank you.

Zhongshan:

Thank you for your question. Over the past three years, the Ministry of Commerce has continued to promote five measures of poverty alleviation through business and achieved positive results.

In addition, the Ministry of commerce also has foreign labor poverty alleviation, industrial poverty alleviation and border trade poverty alleviation, all of which are in full swing, such as foreign labor poverty alleviation. Last year, we had 992000 overseas labor workers, including more than 50000 in poor counties. To help the poor through industry, we have carried out the docking of agricultural super agricultural approval and solved the problem of difficult to sell agricultural products. Last year, the border trade volume reached US $51.5 billion. At the same time, we have also provided assistance to the border economic cooperation zone, promoted employment of more than 180000 people, and promoted the prosperity of the border and the prosperity of the people.

Hu kaihong:

When it comes to poverty alleviation, we will hold a press conference this afternoon. Lets invite Mr. Liu Yongfu, director of the Poverty Alleviation Office of the State Council, to introduce the relevant information about the decisive battle against poverty and welcome your attention.

This concludes todays press conference. Thank you, Minister Zhong Shan and vice ministers Wang Shouwen and Wang Bingnan. Thank you.