Implementation Of Supply Side Structural Reform Ministry Of Commerce Has Stepped Forward

According to the briefing, the Ministry of Commerce has put forward the key work of deepening reform and opening up this year, including eight aspects: building a new system of business development, upgrading the level of informatization, standardization and intensification of circulation, promoting the innovation and development of foreign trade, improving the level of foreign capital utilization, promoting the construction of "one belt and one road", expanding international capacity cooperation, expanding all-round economic diplomacy, and promoting the coordinated development of opening and security.

"Every aspect of work has specific and in-depth measures to promote it."

Shen Danyang said, especially from the aspects of system and mechanism.

On the same day, he introduced the areas that need to be solved from the system and mechanism: how to reduce the cost of foreign trade enterprises, broaden the financing channels, enhance the trade facilitation and other key and difficult problems; and speed up the cultivation.

We should increase new kinetic energy, promote the innovation and development of processing trade, stabilize the export of traditional dominant products, accelerate the development of cross border e-commerce, market purchase trade mode, and foreign trade comprehensive service enterprises; carry out the pilot project for the development of trade in services, increase the service outsourcing model cities, accelerate the development of cultural foreign trade, implement a more active import policy, guide consumption reflow, increase import facilitation, and improve import discount, credit,

We should expand the import of advanced technology and equipment, key components and raw materials of scarce energy.

In this regard, the president of the Institute of international economics of the University of foreign trade and economic analysis said that the key tasks of these eight areas are institutional reform and innovation. They involve both trade in goods and trade in services. They involve both exports and imports. They involve stabilizing traditional product trade and cultivating new growth points for foreign trade.

These specific measures will play a positive role in reducing the cost of foreign trade, improving the efficiency of foreign trade operation and reducing the cost of circulation.

In this year's government work report, we must raise the level of foreign capital utilization.

We should always become an attractive place for foreign investment.

In response, Shen Danyang said that despite new challenges, we are still confident.

Confidence comes not only from the existing foundation but also from the new action.

"The Ministry of Commerce will further promote the relaxation of investment access, deepen the reform of foreign capital management system, optimize the layout of foreign investment, improve the level of construction of free trade pilot zones, innovate the institutional mechanism of state-level economic and technological development zones, and improve the investment environment in accordance with international high standards."

Shen Danyang said that through the six measures, we should do a good job in utilizing foreign capital this year.

According to the introduction, some of the specific measures include: continue to promote the relaxation of foreign investment access restrictions in the financial, educational, cultural and other service sectors; further liberalize the general manufacturing industry; revise the catalogue of foreign investment advantages in the central and western regions, guide foreign investment to the central and Western Regions; speed up the construction of the "three mutual" customs clearance along the inland coastal areas; support the development and opening of key areas along the border economic cooperation zone and cross-border economic cooperation zone.

Sang Bai Chun believes that the new six initiatives will not only play a role in stabilizing the traditional manufacturing industry to attract foreign investment, but also promote the use of foreign capital structure to achieve industrial upgrading.

Among them, the reform of foreign investment management system is an important starting point. It not only complies with the requirements of economic globalization and the change of international investment rules, but also serves as a breakthrough in upgrading the structure and quality of foreign investment.

A set of data from the Ministry of Commerce showed that in 2015, China's actual use of foreign capital reached US $135 billion 600 million, an increase of 5.5% over the same period last year and a record high.

In 1-2 months of this year, China's actual use of foreign capital was 141 billion 880 million yuan, an increase of 2.7% over the same period last year.

However, with the rising cost of domestic production factors, China's traditional advantages of attracting foreign capital are being gradually weakened. At the same time, the developed countries have implemented the strategy of "re industrialization", and the developing countries have increased the preferential treatment of attracting foreign investment. The new situation has also made China's foreign capital utilization face new challenges.