In a new issue of the “China Economic Roundtable” large-scale all-media interview program launched by Xinhua News Agency, key figures in China’s Ministry of Commerce and foreign businesses discussed the new development opportunities in high-level opening up to the outside world. This comes as China seeks to expand its foreign trade and investment, with a special emphasis on consolidating the fundamentals of foreign trade and investment.
Zhu Bing, Director of the Department of Foreign Investment Management of the Ministry of Commerce, commented on the fluctuating scale of foreign investment attracted by China, noting that the actual amount of foreign investment used in the first 11 months of 2022 reached the highest level in history. Despite global obstacles such as the pandemic and international investment competition, he expressed confidence in China’s ultra-large market advantages and relatively complete industrial and supply chains as long-term attractions for foreign investors.
Zhang Wei, Vice President of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, highlighted China’s strong resilience in foreign trade, citing sustained growth in export and import trade volumes amidst global economic challenges. He also emphasized the importance of innovation, particularly in expanding intermediate goods trade, service trade, digital trade, and cross-border e-commerce exports.
Zhao Yugang, deputy director of the Free Trade Zone Administration of the Pilot Free Trade Zone Management Committee, discussed the positive progress made in high-level opening up to the outside world, including the continuous reduction of the negative list for foreign investment access and expanded policies to stabilize foreign trade and optimize the structure.
Fang Xueyu, president of Hisense International Marketing Company, provided real-world examples of China’s high-quality attraction of foreign investment, citing the company’s successful expansion and innovation in the international market.
Overall, the Central Economic Work Conference’s emphasis on “expanding high-level opening up” and “consolidating the fundamentals of foreign trade and foreign investment” sends a strong signal for the future. China is resolutely opening up to the outside world at a high level, aiming to cultivate new momentum and rebuild new advantages in the foreign trade and investment sector.