In the past decade, China’s foreign trade has climbed to the forefront of the world. After becoming a major trading nation, a guiding document to promote the transformation of foreign trade sets the direction and goal of China's foreign trade. The reporter was informed on the 1st that the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the central bank and other 10 ministries and commissions recently jointly issued a "Guiding Opinions on Accelerating the Transformation of Foreign Trade Development Mode", clearly clarifying the development of foreign trade in the central and western regions by cultivating emerging markets. We will cultivate a number of key industries' foreign trade transformation bases, enhance the brand and quality of export commodities, and promote China's trade transformation. "The basic direction of the adjustment of foreign trade development mode is that the speed and scale of foreign trade growth must be shifted to the quality and efficiency of foreign trade growth." Zhang Yansheng, secretary general of the Academic Committee of the National Development and Reform Commission, told reporters. At the moment when we strive to change the mode of economic growth, the problems of unbalanced, uncoordinated and unsustainable development of China's foreign trade are becoming increasingly prominent, and there is an urgent need to change the way of foreign trade development. "This document is the guiding document for the promotion of foreign trade in China in the next few years (transfer mode, structure adjustment, and balance)." Vice Minister of Commerce Zhong Shan gave such an evaluation. The "Opinions" clarify the main task of the foreign trade transfer mode, that is, optimize the international market layout, and strengthen the market development of developing countries while consolidating the traditional market and cultivating the surrounding markets. In fact, influenced by the external economy, China’s trade growth in the traditional markets of the United States and Europe has declined since last year, while the growth rate of trade with emerging markets, including Brazil, Russia and Australia, has risen against the trend. Zhong Shan revealed that this year China will increase its efforts in the development of emerging markets, especially in developing countries. At present, about 30 countries have been selected as the key breakthroughs in foreign trade diversification strategy for this year and in the coming years, and strive to reach 2015. China's trade with the traditional markets such as Europe, the United States and Japan increased by 5 percentage points. The reporter learned that markets such as Africa, Oceania, and Latin America have become the new darlings of many major exporting provinces in China, and have become the target of their breakthrough. In addition to the foreign market layout, the "Opinions" clearly want to optimize the domestic regional layout. We must accelerate the development of foreign trade in the central and western regions while consolidating the development of foreign trade in the eastern coastal areas. Support the central and western regions to actively develop advantageous industries and undertake export industry transfer in the international and coastal regions. Huo Jianguo, dean of the Ministry of Commerce, told reporters that since the "11th Five-Year Plan", China's transformation and upgrading have not been particularly smooth. The current direction should be that the transition to the service industry and high-tech industries in the east; and the low-end, especially labor-intensive industries, should give priority to the layout and adjustment of the central and western regions. "China should comprehensively upgrade the industry in recent years. The layout adjustment is conducive to laying the foundation for the next round of competition.†In order to ensure the smooth implementation of foreign trade transformation, the “Opinions†are clearly defined in fiscal, taxation and financial policies. The "Opinions" pointed out that maintaining the continuity and stability of export tax rebates; encouraging domestic commercial banks to carry out import and export credit business; supporting financing guarantee institutions to expand the import and export financing guarantee business of small and medium-sized enterprises; further promoting the reform of the RMB exchange rate formation mechanism and strengthening the RMB Exchange rate flexibility; expanding the use of the renminbi in cross-border trade and investment. Actively promote the reform of the trade collection and payment management system.
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