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China's overall development of the business in 2015

2016-03-21 17:06:00.000 | view 2984 | share : |

Khartoum, March. 21 (SUNA) - China's import and export trade in goods and export value have ranked the top one in the world since 2013, and the year 2015 is not an exception. The value of online retail sales maintained the first place of the world, the total value in retail sales of consumer goods and the import and export volume in service trade stably ranked the second place in the world, foreign investment has ranked the top one among developing countries for 24 consecutive years and the investment abroad ranked the third one in the world. These achievements can be regarded as a satisfied answer to national economic growth and global economic development. There are several main features: Firstly, there are many highlights in the growth. In terms of the consumption, China's total value of retail sales in consumer goods has reached RMB 30.1 trillion in 2015, with year-on-year growth of 10.7%, and consumption's contribution to the social and economic growth has reached 66.4%, with an increase of 15.4% over 2014. That is to say, China has successfully achieved the vital transformation of economic development from investment and foreign trade based to domestic demand, especially consumption based. In terms of the import and export, with the double-digit negative growth in global trade last year, the decrease of China fell far below the decrease of our major trading partners and global trade. Our share in global trade is expected to increase by a percentage point from 12.2% to over 13%. In 2015, our global share enhanced the fastest. Last year, Goods trade surplus reached 593 billion US dollars, which played a positive role in safeguarding national financial security. The import and export of service trade has reached 713 billion US dollars, an increase of 14.6%, and has achieved the "double-upgrade" in China's share of global trade and this part's share of China's foreign trade. Here let I add that, in the past, service trade has been always regarded as a short board of China, but this part develops quickly in recent years. The top one in the world service trade is the United States for about 1.06 trillion US dollars last year, accounting for 31% in the total foreign trade; as the second one, China's volume of service trade is 731 billion US dollars, accounting for 18% in the total foreign trade. In terms of international investment, the foreign direct investment in last year, excluding financial class, reached 118.02 billion US dollars, an increase of 14.7%, which remains the rapid growth of consecutive years; in terms of attracting foreign investment, actual use of foreign investment is 126.27 billion US dollars, an increase of 5.6%, and China still ranks the top one among developing countries. Secondly, China achieved remarkable structure benefits. Domestic distribution structure equips with more outstanding optimization, Chinese online retail sales of physical goods reached RMB 3.2 trillion, an increase of 31.6%. China is the fastest growing and largest-scale nation in online sales of physical goods. This amount accounted for about 11% in the total retail sales of consumer goods, and the new structure is forming, for driving common development between online and offline, spots and futures, wholesale and retail, urban and rural distribution market. Thirdly, domestic and foreign trade made outstanding contribution to economic growth. It should be said that above-mentioned work made a positive contribution to our steady growth, structure adjustment, benefit for people's livelihood and risk prevention. Facing the very difficult situation, the foreign trade still contributed 18% of the national tax revenue. In 2015, China's economy contributed more than 25% to the growth of global economy. In the context of global trade remaining in the recession, China's export and import in foreign trade is still significantly better than other major economies in the world, and this fact itself exists as an important contribution to the world trade and global economic development. The commercial work in 2015 can be summarized in three key phrases: the first one is sticking to seeking progress in stability. This concept is mainly to improve the environment for the development of foreign trade, innovate in the development mode of foreign trade and promote the development of service trade and service outsourcing. The second one is the reform. One is to promote the experiment reform of the pilot FTA, to promote the scope of Shanghai FTA and to set three new pilot FTAs. Two is to drive the institutional innovation in domestic circulation reform. We published views on promoting the modernization of domestic circulation and constructing legalization in business environment. We launched comprehensive pilot reform of domestic circulation in Shanghai and other eight cities. Three is to strengthen market supervision on a large scale. We released a series of decentralization reforms. The third key words: to deepen the opening-up policy. In 2015, holding the top principle of promoting the construction of "the Belt and Road", we focused on the domestic and international markets, resources and two types of rules, achieving new breakthroughs in improving the opening-up layout. One is that opening-up achieved new breakthroughs. With the help of relevant departments, we published the revised "Catalogue for the Guidance of Foreign Investment Industries" in 2015 edition and launched comprehensive pilot points for expanding the opening-up of the service sector in Beijing. Two is that the regional opening gained new progress. We implemented innovation development projects in national economic development zone and supported the construction of national economic development zone in Jingjinji, the Yangtze River economic belt and other regions. Three is that multilateral and bilateral regional cooperation presented new highlights. As you know, we and ASEAN signed the upgrade Protocol of the FTA, and negotiations on "Regional Comprehensive Economic Partnership (RCEP)" have gained substantial progress. In the East Asian leaders meeting, participants unanimously determined to strive for ending RCEP negotiations in 2016. At present, China has signed trade agreements with 22 trade partners, covering 38% of China's foreign trade volume. We promote to reach a large number of agreements and consensus on the tenth meeting of trade ministers of the WTO. Sino-US and Sino-EU bilateral investment agreement negotiations have also made positive progress. The Mainland of China signed the CEPA service trade agreement with Hong Kong and Macao. "Ten Cooperation Plans" :More opportunities and a bright prospect of cooperation Last year, Africa experienced significant difficulties in economic development .It has multiple reasons. Internally, the continent was handicapped by worrying security situation and weak found of development; but mostly, it was affected by external changes, including the tumbling international commodities prices, and outflow of global capital back to developed economies. These external factors have led to less fiscal and export revenue, major fluctuation in some currencies and rising public debt across Africa. Given that Africa's main export is raw materials, it has taken the brunt of the falling commodities prices. And to make things even worse, a lot of investors from developed countries decided to divest from Africa. Over the years, China has been committed to improving livelihood and infrastructure in Africa. It has helped build over 1000 complete sets of projects across the continent. It has been a devoted participant in and contributor to social development in Africa. China has been Africa's largest trade partner for 7 consecutive years and over 3000 Chinese companies have invested in Africa. These are hard facts. What China has done for economic and social development in Africa is there for all to see and can stand to be tested by history. In 2015, China's economy grew by 6.9%, making it a primary source of growth for both the world and Africa. Despite the decline in the value of China's import from Africa due to falling commodities prices, China remains a major export market for Africa. Chinese companies saw steady growth in terms of both the contractual value and revenue of projects in Africa, reaching USD 76.2 billion and USD 54.7 billion respectively. This is also good for Africa's economic growth. Last December, President Xi Jinping announced the "Ten Cooperation Plans" and pledged USD 60 billion at the Forum on China-Africa Cooperation, which fully demonstrates Chinese government's support to Africa and has been widely praised by African countries and the international community. A considerable portion of the USD 60 billion is used to set up funds for assistance and investment cooperation, with a view to improving Africa's capability for independent development instead of adding to its debt burden. China will continue to improve the terms of concessional loans to ease the financing pressure on African countries. I believe, with the implementation of the "Ten Cooperation Plans", China and Africa will see more opportunities and a bright prospect of cooperation.