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E-mail China.org.cn, February 20, 2025
Cover News:
Against a backdrop of increasing external risks and challenges, how should we view the foreign trade outlook for 2025? What measures will the Ministry of Commerce implement to promote the stable development of foreign trade? Thank you.
Li Yongjie:
Thank you for your questions. I would like to invite my colleague Mr. Meng to address these questions.
Meng Yue:
Thank you for your questions. Currently, global economic growth momentum is clearly insufficient. Unilateralism and protectionism are rising, global trade barriers are multiplying, geopolitical impacts are intensifying. Both security of global industrial and supply chains and the global trade order face significant challenges. This external environment poses challenges for both China and other economies worldwide.
However, we should also note that many favorable conditions remain for foreign trade development in 2025. First, global trade and economic recovery continue, with the World Trade Organization projecting a 3% increase in global merchandise trade volume this year. Second, China's economy maintains a steady recovery, with macroeconomic policies showing cumulative effects and effectively boosting market confidence. Third, new drivers of foreign trade are emerging more rapidly, with green and digital transformation gaining momentum. Fourth, policies aimed at stabilizing foreign trade continue to show their effectiveness, providing more support for enterprises to innovate, upgrade and expand into international markets. Fifth, China's opening-up has reached new heights. China's ultra-large-scale market provides more opportunities for global goods.
In 2025, we will continue to expand high-level opening-up, with a focus on high-quality development, to promote stable growth in foreign trade.
First, we will accelerate the implementation of various policy measures. Last year, we introduced a series of measures, including a slew of policy measures to promote the steady growth of foreign trade. Looking ahead, we will work with local governments and departments to focus on policy implementation, promote effective practices and help foreign trade enterprises secure orders while resolving bottlenecks to ensure stable trade development.
Second, we will speed up fostering new growth drivers for foreign trade. In line with the trend of trade digitalization, we will expand the use of electronic trade documents and promote the full digitalization of the trade chain. We will actively expand green trade, help foreign trade enterprises strengthen their green and low-carbon development, promote the development of overseas smart logistics platforms, and support qualified regions in hosting cross-border e-commerce trade fairs and supply-demand matchmaking events. These initiatives will create more platforms for enterprise networking and promotion. Additionally, we will promote the sustained and healthy development of bonded maintenance services while expanding the scope of maintenance products and regions in an orderly manner.
Third, we will strengthen support services for businesses. We will continue organizing specialized training sessions focusing on green trade and cross-border e-commerce to strengthen foreign trade enterprises' development capabilities. We will continue publishing country-specific trade guidelines and foreign trade promotion materials to improve information sharing between Chinese and international businesses. We aim to actively expand the network of high-standard free trade zones globally, negotiate and establish a new working group on trade facilitation, and pragmatically address bottlenecks and difficulties in bilateral trade to create more business opportunities.
Fourth, we will actively expand imports. While meeting domestic production and consumption needs, we aim to share development opportunities with countries worldwide. China will continue leveraging major trade platforms including the China International Import Expo (CIIE), China International Consumer Products Expo, and the Canton Fair Import Exhibition. We will develop national import trade innovation demonstration zones, further open up the market and expand import potential, transforming China's vast market into global opportunities. Thank you.
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