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Conference on Commercial Development Zhejiang 2020

date:2020-01-07 17:47

Conference on Commercial Development Zhejiang 2020

DEEPENING REFORM AND OPENING-UP FOR HIGH QUALITY COMMERCE GROWTH

 

Editor's  note

The Zhejiang Provincial Department of Commerce convened the annual Conference on Commercial Development in Hangzhou on January 7, 2020. Secretary and Director General Sheng Qiuping delivered a report, during which he took stock of Zhejiang’s commercial achievements made in 2019 and charted the future for key commercial agenda in 2020.

 

Major Indicators 2019

Consumer Market

Retail sales of consumer goods around 2.7 trillion yuan

Online retail sales around 2 trillion yuan, up around 18%

Foreign trade

Trade in goods exceeded 3 trillion yuan, export around 2.26 trillion yuan, import around 750 billion yuan

 

FDI

Paid-in FDI

Around 13.4 billion USD, up around 7%

 

Outbound investment and economic cooperation

Outbound direct investment around 12 billion USD

International economic cooperation around 7.3 billion USD

 

Open platforms

Zhejiang Pilot Free Trade Zone: total import and export volume around 76 billion yuan, up around 37%, accounting for 12% of the province's import and export increment. Bonded fuel oil supply completed annual goal of 4 million tons. Cross-border RMB settlement expected to exceed 100 billion yuan.

Development zones contributed to the province’s around 45% of total foreign trade, around 50% of paid-in FDI, around 30% of fiscal revenue, around 65% of added value of industries at provincial level.

Online retail sales in cross-border e-commerce comprehensive reform pilot zone: Hangzhou, Ningbo and Yiwu each increased over 20%.

 

Three major tasks 2019

1. Achieved visible outcomes in addressing China-U.S. trade friction

2. Made significant progresses in Zhejiang FTZ construction

3. Took substantive steps in involving integrated development of the Yangtze River Delta

 

Nine tough battles 2019

1. A new trend in foreign trade

2. A new level in foreign investment

3. A new achievement in commercial circulation

4. A new phase in open platforms

5. A new improvement in BRI construction

6. A new development in new trade centers

7. A new path in poverty alleviation by developing commerce

8. A new result in business environment

9. A new progress in Party building

 

Major tasks 2020

2020 will be a year of milestone significance. China will finish building a moderately prosperous society in all respects, realize the 13th Five-Year Plan and meet its first centenary goal.

 

General requirements 2020

Under the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, implement the spirit of the Central and Provincial Economic Working Conference, focus on building a moderately prosperous society in all respects and finishing the 13th Five-Year Plan,  adhere to the general principle of pursuing progress while ensuring stability, adhere to the new concept for development, continue to pursue supply-side structural reform as the main task, continue to deepen reform and opening-up as impetus, focus on effectively addressing China-U.S. trade friction, focus on high quality growth, competitiveness and modernization, highlight stabilize foreign trade and investment and promote consumption, escalate open economic system to a higher level, stimulate the development of a robust domestic market, speed up high quality development of commerce, make new contributions for building a moderately prosperous society in all respects.

 

Major projected targets 2020

Social consumption retail sales up around 8%

Online retail sales up over 10%

Import & Export growth faster than the national average and  achieve progress while ensuring stability

Steady growth of trade in services

Steady growth of paid-in FDI

Healthy and orderly growth of outbound investment

 

Four key aspects

1. Stable growth

2. Reform and Opening-up

3. High quality

4. Risk prevention

 

Major priorities 2020

One central task: institutionalization of response to China-U.S. Trade Friction

1. To improve “6+9” working promotion mechanism

2. To promote the upgrade of “order+list” monitoring and early warning system

3. To improve the ability of making shared and collaborative response

 

Nine priorities

1. Focusing on deepening Reform and Opening-up, promoting innovative development of Zhejiang FTZ

To complete the three-year pilot reform task with high quality

To further the whole-industrial-chain construction in oil and gas industry

To deepen the integrated development of Zhejiang FTZ

 

2. Focusing on market expansion and structure optimization, promoting stable and higher quality growth of foreign trade

To build diversified trade promotion system

To foster new strengths in trade competition

To increase imports with greater intensity

To actively develop trade in services

 

3. Focusing on large and leading foreign enterprises attraction and on business environment improvement, building a land of high-quality FDI

To build a more competitive policy system

To forge a more efficient investment promotion system

To improve more precise foreign investment service system

 

4. Focusing on consumption expansion and circulation innovation, strengthening domestic market

To innovate circulation mode

To improve the quality of consumption and supply

To improve consumption promotion system

 

5. Focusing on open coordination and market integration, contributing to the integrated development of the Yangtze River Delta

To actively participate in the 3rd CIIE

To promote integrated development of open platforms

To reinforce exhibition industry cooperation

To strengthen cooperation on overseas trade & investment service system

 

6. Focusing on connectivity and capacity cooperation, building BRI hubs

To deepen linkage of Four Ports

To construct “17+1” Economic and Trade Cooperation Demonstration Area

To intensify international capacity cooperation

To improve international competitiveness of Zhejiang-based enterprises

 

7. Focusing on structural reform and capacity expansion, improving innovation and upgrade

To promote “chain chief” system of industrial chain of development zones

To fully integrate and promote development zones

To accelerate the innovation of system and mechanism of development zones

 

8. Focusing on unleashing and increasing energy, building new trade demonstration areas

To deepen the construction of Yiwu comprehensive reform pilot area in international trade

To construct national new trade demonstration area

To develop cross-border e-commerce

To optimize e-commerce ecology

 

9. Focusing on strengthening responsibility and improving efficiency, modernizing business system and governance capacity

To strengthen the Party’s leadership

To optimize business environment

To effectively utilize free trade agreements

To prepare the 14th Five-Year plan for commerce development

To promote Clean Commerce construction

 

Ten significant measures

1. To promote the upgrade of “order+list” monitoring and early warning system, achieve 100% on-line rate and 90% order filling rate and emergency response rate, become the country’s typical project on addressing China-U.S. trade friction

2. To become national new trade demonstration zone, achieve 10% increase of export of new business forms and models, accounting for over 15% of the provincial total, being the country’s pioneer for high quality growth of trade

3. To participate in the 3rd CIIE more effectively, ensuring to lead the country

4. To deepen Hubin national pedestrian street, forge 21 provincial pedestrian street pilots, being the country’s model on transforming and upgrading pedestrian street

5. To carry forward version 2.0 in the Zhejiang FTZ and accelerate a global oil and gas trading center

6. To promote “17+1” economic and trade demonstration area with high quality and hold the 2nd China-CEEC Investment and Trade Expo, being the first place for cooperation between China and CEE countries

7. To carry out overseas economic and trade cooperation zones with financial support,  improve 12 overseas economic and trade cooperation zones and build BRI signature projects

8. To advance “chain chief” system of industrial chain of development zones, foster around 10 demonstration industrial chains, each with an output value of more than 50 billion yuan, and one with an output value of more than 100 billion yuan

9. To innovate community commerce, develop rural e-commerce, advance poverty alleviation by e-commerce, and build a commercial benchmark for people and a moderately prosperous society in all respects

10. To accelerate the innovation and application of supply chain, build over 10 national supply chain demonstration enterprises and form advantageous supply chains

 

Gu Baozhi, Deputy Director and Associate Fellow of Institute for International Economics of Ministry of Commerce lectured at the conference. Representatives from 10 organizations delivered speeches, and over 150 heads and representatives from related parties attended.


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