Press briefing on foreign trade
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E-mail China.org.cn, May 20, 2014
4. Imports and exports are given equal focus. The document pledges to simplify export procedures, stabilize the export of traditionally superior products, supporting products that contain brand value and high-technology value that are circulated through marketing networks, and that are high-value and highly profitable. The document also extensively touches upon imports in that it supports enterprises to actively expand imports of advanced equipment and key parts, while rationally promoting general consumer goods that are closely related to people's lives.
5. The document stresses the combination of "bringing in" and "going global" in boosting trade. Trade in China means more than that in the common sense; it also contains the processing trade. Trade bodies in China include not only state-owned and private businesses, but also foreign-funded businesses. An important fact in this regard is when China undertakes its international industry transfer, a part of the transfer will automatically become export growth.
The processing trade has dramatically expanded in China during the past three decades, which is an important component in exports. Through the reform and opening-up, Chinese enterprises are building up their strength, evident in their successful "going global," which is a driving force for exports. This is why the document has for the first time stated that we should ensure the stability of processing trade-related policies while innovating the processing trade model, in a bid to transfer industry to the middle and western parts of China. Also the document contains a statement regarding how "going global" will boost trade, which is different from similar documents in the past.
6. The document has considered different trade bodies and patterns of trade, to whom, it raised requirements while offering supportive policies to middle, small and micro-sized businesses in market purchasing. The document also urges China to develop its own multinational companies with core competitiveness.
China is en route to shifting from a trading power in terms of volume to one in terms of quality. In this process, optimizing the corporate trading body is of vital significance. The document underscores the strengthening of ordinary trade, raising the quality of processing trade and developing trade of other patterns.
7. The document embodies a strong spirit of reform and innovation. Apart from overall strengthening trade through favorable policies, the document has further stressed the transformation of government roles, in explicitly demanding administrative departments to simplify approval procedures. For example, it specially underlines rectifying and standardizing import and export fees to facilitate trade and reduce the financial burden on trade-oriented enterprises.
8. The document urges combining the administration and promotion of trade. The document has detailed statements on how enterprises be self-disciplined to prevent vicious competition, and how industry associations should exercise their roles in organization, warning and coordination. The goal is to create an internationalized and, legalized business environment. There should be a credit database for each trade-oriented business, in a bid to combat incredibility and fraud.
The Chinese government plans to work with all related parties to create an environment for fair competition, which will also mean the protection of intellectual rights and the creation of credit system. A fair-play environment amounts to supporting enterprises because if there is unfair competition, survival of the fittest cannot really happen.
9. The document underscores the logical combination of short-term goals and long-term interests. China's central authorities want to see stable trade growth in the near future, and they also have concrete requirements for the long term development of trade through economic restructuring and the transformation of development mode. China's international trade should fundamentally benefit the people more, and that is the very important objective we have.
It was very difficult to issue the circular, and, its implementation, involving numerous departments and issues, will be even harder. In line with the requirements of the State Council, departments are doing their best to implement the circular. The Ministry of Commerce has put the implementation of the circular on the top of its agenda and has organized a team led by ministers that director-level officials are participating in to push forward the task. They have mapped out a detailed plan with 16 items to specify accountabilities and timetables. The coming two months will be spent on the implementation work. We need to categorize our task into three steps: first, to specify the plan; second, to research and implement it and third, to guide and monitor it. We hope the journalists here will support us, and tell us the difficulties, confusions and advice that enterprises encounter while they are engaged in import and export businesses, so that we can implement the policies with clear targets. We believe, under coordinated efforts, that each policy in the circular will eventually be implemented as a timely drive for the continuous growth of foreign trade and a measure to ease the burden of enterprises. Foreign trade enterprises are expected to enjoy the benefits resulting from the policies. Consequently, the market and the confidence of companies can be boosted and there can be sustained import and export growth.
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