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Chongqing import and export trade is expected to reach USD 55 billion this year

Recently, Working Conference on Promoting Stable Increase of Foreign Trade of National Business System has been held in Chongqing.  
In the address, Huang Qifan welcomed and congratulated the conference held in Chongqing on behalf of Chongqing Municipal Party Committee and Chongqing Government, and introduced the foreign trade development of Chongqing to the participants in the conference. He said that in recent years, Chongqing had complied with the requirements of the State Council, accelerated promoting the construction of inland open system, actively introduced foreign capital, developed import and export trade and obtained relatively good effect. In 2007, the import and export trade amount of Chongqing was only over USD 5 billion. This year, it is expected to reach USD 55 billion, which is 10 times of the figure 5 years before and is an inspiring achievement.
Huang Qifan said that the fast development of import and export of Chongqing foreign trade derived from four aspects: firstly, general trade, processing trade and service trade were managed and promoted simultaneously. Especially exploring how to set up the processing trade mode of vertical integration of complete machine and components, forcefully boosted the development of electronic information industry. Secondly, we accelerated the highland construction of inland port, created an inland air transport hub, explored sea-rail combined transport, opened Chongqing-Xinjiang-Europe international trade passage and carried out a series of system and mechanism innovation. Thirdly, we insisted on expanding opening up and strived to introduce foreign capital. In recent years, Chongqing has attracted investment widely in an all-round manner from many channels, and its used foreign capital increased from USD 1 billion in 2007 to over USD 10 billion last year, which laid the foundation for import and export trade. Fourthly, we encouraged our enterprises to "go out". We did not carry out "external circulation" project or virtual economic investment, but in consideration of domestic market demand and development demand, we encouraged enterprises to invest the Sino-foreign projects in the fields of agriculture, resource, equipment manufacturing and so on, which effectively drives international trade.
Huang Qifan said that at present, the world economy was stagnant in its downturn and the import and export of Chinese foreign trade were also confronted with certain difficulties and challenges. However, the worse the situation is, there is more need to push forward construction of open economy and to blend our economy into the global economy. As globalization is the inevitable trend of the future world, we will never relax our grip on import and export trade or on investment attraction due to trade protectionism of some countries and economic structuring and domestic demand expansion in China. Only by actively boosting globalization, can the product quality in China be improved and industrial structure transformation and upgrading be accelerated.
Huang Qifan said that in order to strengthen capital introduction and to promote foreign trade development in globalization, three factors should be considered: firstly, attention should be paid to industrial cluster and a complete industrial chain of complete machine and components in the upper, middle and lower reaches should be built. This will contribute to optimization of resource allocation, saving logistics cost and boosting development of productive services. Secondly, we should leave the whole flow of "smiling curve" of processing trade in China, comply with the market rules and integrate the development of components, research and development, final assembly, sale, settlement and other links of processing trade. Thirdly, the government should create the investment environment of low taxes, low logistics cost, low factor cost, low land and real estate cost and low financing cost.
   

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