Market
Mar 24, 2017 ｜ by China Textile
The Ministry of Commerce held a regular press conference on February 16. Spokesman Sun Jiwen answered the hot issues that concern media at home and abroad. Here is the record:
Foreign Trade Situation of China in January-February 2017
According to the statistics of the Customs, in January-February 2017, China's total import and export value reached 2.18 trillion yuan (the same below), with an increase of 20.6% year on year. Among this, the export reached 2.09 trillion yuan, with an increase of 11%, and the import reached 1.80 trillion yuan, with an increase of 34.2%, continuing the stable and positive trend since the previous year and remaining a rapid growth. In January-February, China's foreign trade mainly showed the following features:
Regarding commodity structure, the exports of mechanical and electrical products amounted to 1.22 trillion yuan, going up 13.8% year on year, taking up 58.4% of the total exports, with an increase of 1.4 percentage points. Among these, exports of ship, vessel, integrated circuit, cellphone and accessories grew up 45.1%, 31.8%, 33.0% and 22.9% respectively.
On market players, the exports by private enterprises reached 936.2 billion yuan, up 10%, taking up 44.8% of the total exports, and private enterprises continued to be the largest market player in terms of exports.
In terms of trade mode, the imports and exports of general trade registered 2.18 trillion yuan, up 20.5% year on year, taking up 56.0% of the total national value of foreign trade, equal to that of last year.
In international market, China’s imports and exports to traditional markets like the US, the EU and Japan grew up 18.9%, 15.0% and 20.1% respectively year on year; in some countries along the “Belt and Road” and new emerging countries, the growth of import and export accelerated. Among these, imports and exports to Russia, Singapore and Indonesia grew up 37.1%, 30.1% and 33.9% respectively and those to South Africa and Brazil grew up 37.5% and 45.4% respectively.
Both quantity and price of bulk commodity imports increased. Both quantity and import-price of ten kinds of bulk commodity like crude oil, coal, rubber, wood and iron ore increased, and import-value grew up 66.3%, leading 11.1 percentage points of China’s imports.
According to historical data, comprehensively affected by the Spring Festival, the imports and exports data in January and February cannot reflect the trend of the year. The situation of China’s foreign trade is still complicated, uncertain and unstable factors are rising and the difficulty will not be solved in short term. Meanwhile, we can also see many favorable conditions for China’s foreign trade development and the fundamental of China’s foreign trade development has not changed.
The "13th Five-Year" Plan of Service Trade Development
To promote the structural reform of supply side of service trade, to optimize the service trade system mechanism, and to improve the opening degree and facilitation level of service trade, the MOFOCM, together with other 13 departments, has recently issued the "13th Five-Year Plan of Service Trade Development.
The Plan defines six major tasks such as improving development system, optimizing industrial structure, developing market entity, cultivating innovation strength, expanding opening up and cooperation and perfecting supervision system. It also puts forward guarantee measures in five aspects such as optimizing business environment, improving promotion system, perfecting cooperation mechanism, strengthening talents support and reinforcing statistical assessment.
The Plan mainly has the following features:
Firstly, highlight the structural reform of supply side of service trade. Constantly improve service supply level, strengthen international competitiveness of service trade and fully play the important role of service trade in economic structure adjustment and transformation and upgrading.
Secondly, highlight the innovative development of service trade. Vigorously promote the pilot of innovative development of service trade, accelerate exploring and building up management system, promotion mechanism, policy system and supervision mode adapted to the innovative development of service trade.
Thirdly, highlight the interactive development between service trade and trade in goods, foreign investment and service industry. Promote the orderly opening of service industry and promote the Chinese service to positively and steadily go abroad.
Fourthly, highlight the leading role of important fields of service trade. Focus on 24 important fields of 12 categories with distinct advantages and great potential and promote comprehensive and profound development of service trade.
With regard to the specific content and detailed interpretation of the Plan, please pay attention to the website of the MOFCOM.
Development Situation of Cultural Trade in 2016
In 2016, China's foreign cultural trade and investment enjoyed a rapid development and the international influence of Chinese culture continued to be strong. The total import and export volume of cultural products in the whole year reached US$88.52 billion, among which the export reached US$78.66 billion, realizing a surplus of US$68.8 billion. The export volume of cultural entertainment and advertisement service in the cultural service export registered US$5.43 billion, with an increase of 31.8%. The foreign direct investment of culture, sports and entertainment industry was US$3.92 billion, with an increase of 188.3%.
The structure of foreign cultural trade showed obviously optimized adjustment and the export proportions of cultural contents, core technology and standard were greatly improved. The pace of cultural trade's going abroad was constantly accelerated and books, movie and television plays and online games sold well.
Next, MOFCOM will get together with relevant departments to make efforts to expand channels and platform, vigorously develop foreign cultural trade, introduce to the world more outstanding culture with Chinese characteristics, Chinese spirits and Chinese wisdom and constantly improve the soft power of Chinese culture.
(Source: Ministry of Commerce of the People’s Republic of China)
(Source: Ministry of Commerce of the People’s Republic of China)
