There are less than 50 days left in 2023, and the year is coming to a close. The question remains whether the expected goals for the year can be achieved. Recent economic data suggests that progress has been made towards reaching those goals. With less than 50 days left in the year, efforts need to be made to further expand domestic demand and boost consumption. Additionally, it is important to address the difficulties, obstacles, and pain points that are limiting the development of the private economy. Introducing powerful measures to attract foreign investment and business in China is also essential. The National Development and Reform Commission aims to gradually restore and promote consumption, expand domestic demand, and stimulate service consumption. It also plans to issue an additional 1 trillion yuan of treasury bonds and promote private investment and development projects. China’s digital trade has seen rapid growth and is becoming a new growth point for international trade. The government is also committed to promoting the high-quality development of the private economy by solving difficulties, obstacles, and pain points through improved system design, expanded development space, and enhanced service platforms. Foreign-funded enterprises have continued to increase investment in China, demonstrating confidence in the country’s business environment and economic prospects. The government will take multiple measures to attract foreign investment, including introducing more investment policies and loosening restrictions.
There are less than 50 days until the end of 2023, and the economy for the whole year is almost at an end. Can the expected goals be achieved? Judging from a number of economic data released recently, it can be said that the foundation has been laid for achieving the full year goals. There are less than 50 days left to reach the full year target How will you make further efforts to expand domestic demand and boost consumption? How to solve the difficulties, obstacles and pain points that limit the development of a private economy? What more powerful measures will be introduced to attract foreign investment and business in China? How to complete the expected goals and tasks of economic and social development throughout the year with high quality? Let’s focus one by one.
National Development and Reform Commission: Expanding domestic demand will gradually restore and promote consumption
The National Development and Reform Commission held a press conference on the 16th to present the current economic situation The relevant person in charge said that the next step will be to gradually restore and expand bulk consumption, promote service consumption to maintain rapid growth, and vigorously promote the embedding of elderly care and childcare in urban communities, and other service facilities, and speed up the organization and implementation of the project to issue an additional 1 trillion yuan of treasury bonds.
Li Chao, spokesman for the National Development and Reform Commission: Speed up the organization and implementation of the project to issue an additional 1 trillion yuan of treasury bonds and form a physical workload as soon as possible. We will continue to promote the implementation of 102 major projects and other major projects in the “14th Five-Year Plan”, speed up the construction of “leisure and emergency” public infrastructure, strengthen the guarantee of key private investment project elements, and promote projects to private capital on a rolling basis.
Digital trade has become a new growth point for my country’s international trade
Since the beginning of this year, my country’s digital trade has grown rapidly, the structure has continued to be optimized, and the digital trade ecosystem has become more and more complete and operational. Digital trade has become a new growth point for the development of my country’s international trade.
The latest data from the Ministry of Commerce shows that from January to September this year, my country’s digital service trade volume reached 2,025.95 billion yuan, a year-on-year increase of 8.6%, accounting for 42% of the total service trade. As an important part of digital trade, in the first three quarters of this year, my country’s cross-border e-commerce import and export volume reached 1.7 trillion yuan, a year-on-year increase of 14.4%.
Zhang Dan, Director of the Institute of Industry of the International Trade Organization and Economic Cooperation of the Ministry of Commerce: the scale advantage of my country’s digital trade is very obvious. Cross-border e-commerce retail exports rank first in the world, and the scale The trade of services and delivered digitally continues to grow. Some new types of service trade such as new consumption, new retail, and new manufacturing are also full of vitality.
With the continuous integration of digital technology and the real economy, new usage formats and application scenarios are becoming more and more abundant. The ecology of “cloud economy” such as “cloud exhibitions” and remote office is gradually developing, and various business formats such as digital content, digital technology, digital services, and data transactions are gradually being formed With vigorous development, more and more entrepreneurial and innovative entities have chosen the “new track” of digital commerce.
Wei Zhilin, deputy general manager of Shanghai Data Exchange: We have arranged the supply of a number of high-quality data products, especially foreign high-quality data products imported into the country to serve the digitization of our domestic finance, transportation, shipping and other industries , transform.
Refined policy implementation promotes high-quality development of the private economy
In terms of continuing to support the high quality development of enterprises, data recently shows that, with the detailed implementation of policies and measures to promote the development and growth of the private economy, the development situation of the private economy has slightly improved. The number of newly registered private enterprises in September increased by 18.1% year on year. , an increase of 8.4 percentage points since the previous month. From January to October, the import and export of private enterprises increased by 6.2%, accounting for 53.1% of the total import and export, an increase of 3.1 percentage points over the same period last year. So, next, how to solve the difficulties, obstacles and pain points that limit the development of the private economy and promote the high quality development of the private economy? Three key words: continue to improve system design, expand development space, and build a service platform.
Multiple measures to solve difficulties, obstacles and pain points in private economic development
In the next step, the National Development and Reform Commission will continue to improve the system design, strengthen research and opinion on the development situation of the private economy, coordinate policy, promote legislation and other work, and vigorously create a good market environment, policy environment , and legal environment.
Li Chao, spokesman for the National Development and Reform Commission: Expand access to private investment market in an orderly manner and support private enterprises to participate in key core technology research, undertake major national science and technology projects, global industrial division of allocation labor and resources, major strategic use and other related areas.
Li Chao also revealed that the Private Economic Development Office of the National Development and Reform Commission is studying the establishment of a monitoring indicator system for the development situation of the private economy, and is studying and introducing policies and measures to promote the private economy to international improvement. competitiveness and strengthen brand building.
Foreign-funded enterprises in China continue to increase investment
Since the beginning of this year, despite the slow recovery of the world economy, insufficient demand, and the continued sluggish global cross-border direct investment, my country’s actual consumption of foreign capital in the first three quarters was 919.97 billion yuan, still to be on the same level. historically high level. Recently, a number of large foreign-invested projects have been launched. Foreign-funded enterprises continue to be deeply involved in China, due to the advantages of China’s large-scale market including a complete industrial system. It is also due to the trust of global multinationals in China’s business environment and their confidence in China. economic development prospects.
Not long ago, Starbucks China Coffee Innovation Industrial Park with a total investment of 1.5 billion yuan was put into operation in Kunshan, Jiangsu. This year, Starbucks also announced its investment in establishing the China Innovation and Technology Center in Shenzhen, with an initial investment of around 1.5 billion yuan.
Starbucks Global CEO Na Sihan: We are very optimistic about China In the long term, our business has a lot of room to grow. By 2025, we plan to open 9,000 stores in 300 cities in China.
In the first three quarters of this year, the actual use of foreign investment in my country’s manufacturing industry increased by 2.4% Among them, the actual use of foreign investment in high-tech manufacturing industry achieved double-digit growth and became the peak of investment attraction.
Gree He, Chairman of the Executive Board and CEO of Merck Group: Advanced technology will play a more important role in China, and this is what we are interested in. Since last year, we have continued to increase our investment in China by almost 200 million euros to further expand our production base and improve our research and development capabilities in China. We will continue to invest in China.
Take multiple measures to attract foreign capital to invest and develop business in China
The relevant person in charge of the National Development and Reform Commission said that in the next step, my country will take multiple measures to provide convenient conditions for enterprises to invest, produce and operate in China.
Introduce more investment policies. The National Development and Reform Commission will speed up the process of introducing comprehensive policies and measures to attract foreign investment based on existing policies.
At the same time, we must continue to loosen restrictions on foreign investment entry, promote the logical reduction of the negative list for foreign investment entry, comprehensively cancel restrictions on foreign investment entry in the manufacturing sector, and further promote the opening of the service. industry.
In addition, we must optimize the business environment for fair competition.
Li Chao, spokesperson of the National Development and Reform Commission: We will continue to promote the revision or repeal of regulations and policy documents inconsistent with the Foreign Investment Law, Business Environment Optimization Regulations, etc., in government procurement, supply land, reducing excluding tax, licensing qualifications, and setting standards. , project application, human resource policies, etc., guaranteeing fair competitive treatment for enterprises fully invested abroad.
In addition, it is necessary to strengthen the protection of large foreign investment projects and provide foreign investment promotion services. Launch the seventh batch of important foreign-invested projects with large investment scale, advanced technology and strong driving effect as soon as possible, strengthen factor support and policy support, and coordinate and solve issues related to land use, sea use , environmental impact assessment, energy. consumption and other issues at a national level.
How to achieve the expected goals for the whole year with high quality?
The economy closes for the year. Judging from a number of economic data released recently, it can be said that the foundation has been laid for achieving the full year goals. Sprinting towards the full year goal, how to complete the expected high quality goals and tasks? Let’s listen to the analysis of Wu Sa, deputy director of the Institute of Economics of the China Institute of Macroeconomics.
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