Upgrading Of Foreign Trade In 12Th Five-Year: From Commodity Export To Capital Export

From the export of goods to the export of capital, this will become a major force for China to upgrade its foreign trade strategy during the "12th Five-Year" period.

Last weekend, I was involved.

"We believe that the sign of an open and powerful country is not the scale of imports and exports, but the ability to allocate global elements through capital. Now our exports have surpassed that of the United States, but the total sales of overseas production by US multinationals abroad exceed US $6 trillion, equivalent to 5 times that of US exports."

The personage expresses, "we go out" in recent years had a relatively rapid development, generally speaking, the scale is not big, the industrial level is not high, so in the '12th Five-Year' period, we proposed to pition from the export of goods to capital, from capital accumulation to capital radiation, and strive to gain more competitive advantage and initiative in the whole value chain.

"Japan's foreign investment ratio is very high, and China is also organizing strategies. But like China, India, as a major foreign attracting country, although it is also emerging as a source of investment, there is still a big gap compared with developed economies."

Zhao Zhongxiu, assistant president of University of International Business and Economics, said at the meeting.

In fact, from commodity output to direction

Japanese media believe that Japan has stepped out of the "mature creditor state" from a "immature creditor country" to the "mature creditor country" in accordance with the "development stage" theory of measuring the economic maturity based on the trend of balance of payments.

The Japanese generation that helped Japan take off has driven the whole society into an aging stage. However, the gradual increase of investment surplus will continue to maintain the country's long-term competitiveness and weaken the impact of the "demographic dividend".

As one of the largest creditor countries in the world, China is also facing a series of potential challenges, such as whether or not the "Lewis turning point" has emerged or when and when the demographic dividend will disappear.

Pushing China's pformation from commodity exports to capital export as soon as possible will not only extend China's competitiveness from global production centers to full value chain production, but also ease the plaguing of "aging" society.

The export of foreign capital will be accompanied by a series of industrial pfer.

The first Financial Daily reporters visited Japan's balance of payments statement in 2009, and found that in manufacturing, Japan's main investment industries are electronics, machinery and electrical equipment manufacturing and pportation equipment manufacturing. In the non manufacturing sector, Japan's most important investment industry is the financial sector and retail industry.

Reporters noted that this is Japan's international competitiveness.

In China's "12th Five-Year" shift to the choice of investment industries brought about by the export of foreign capital, it may be worth learning from the competitive industries.

The relevant people of the Ministry of Commerce said that on the one hand, China should shift outward industries such as light industry, textiles, household appliances and general equipment manufacturing industries with mature technology and comparative advantages to form overseas production capacity and closer to the market. On the other hand, we should shift some heavy chemical industries and rough processing links to more close to the use of resources, promote employment and promote local development for the purpose of investment, while promoting international mergers and acquisitions of strategic resources and promoting technological and R & D capabilities.

"From the main point of view, we need to cultivate our own multinational companies, which are encouraging powerful enterprises. At the same time, we must encourage small and medium enterprises through the establishment of economic and trade cooperation zones and development zones overseas to encourage small and medium-sized enterprises in the same industry chain to go out and put forward the overall ability to resist risks."

The person added at the meeting.

In the state's auxiliary policy of "going out", the reporter noted that the "12th Five-Year plan" has already been arranged.

The plan emphasizes that we should improve the overall planning capacity, improve the inter departmental coordination mechanism, and strengthen the macro guidance and service for the implementation of the "going global" strategy.

We should accelerate the improvement of laws and regulations governing foreign investment and actively sign bilateral agreements such as investment protection and avoidance of double taxation.

We will improve the overseas investment promotion system and improve the degree of facilitation of enterprises' foreign investment.