(Service Trade Fair in 2020) Vice Minister of Commerce talks about "double cycle": China will provide more market opportunities for other countries

  China News Service, Beijing, September 5 (Reporter Chen Su) "China will provide more market opportunities for other countries." China's Vice Minister of Commerce Qian Keming said on the 5th.

  On the same day, when Qian Keming attended the China Electronic Commerce Conference at the 2020 China International Trade in Services Fair, he said that the current global epidemic continues to spread, international market demand has shrunk sharply, the downside risk of the world economy has increased, and the uncertainties of instability have increased significantly. Anti-globalization trends such as ism and unilateralism are on the rise.

In the face of major changes that the world is going through unseen in a century, China must gradually form a new development pattern in which the domestic cycle is the main body and the domestic and international double cycles promote each other.

  He said that this new development pattern is not a closed domestic cycle, but an open domestic and international double cycle.

China will be more closely connected with the world economy, and the market opportunities China will provide to other countries will be broader, and it will become a huge gravitational field for attracting international commodities and factor resources.

  The China E-Commerce Conference on the same day took the theme of "Combination, Co-construction, and Win-win" as the theme, in-depth discussions on the in-depth integration of technology and life, culture and consumption, digital and physical brought by e-commerce under the background of the new era.

  Qian Keming said that in the past 10 years, China's e-commerce has developed rapidly. By the "Thirteenth Five-Year Plan" period (2016-2020), it will fully integrate into the national economy and cover all fields of social development. In 2019, the online retail sales of physical goods across the country will affect the society. The growth contribution rate of the total retail sales of goods reached 45.6%, the number of e-commerce practitioners exceeded 51.25 million, and the comprehensive demonstration project of e-commerce in rural areas covered 832 national poverty-stricken counties.

E-commerce has gradually grown from a "new driving force" that promotes China's economic growth to a "key driving force".

  During the epidemic this year, e-commerce played an important role in the stable development of China's economy and society.

Qian Keming said that in the face of the sudden epidemic, the Ministry of Commerce increased policy support and guidance, and gave full play to the positive role of e-commerce in fighting the epidemic, promoting consumption, helping the poor and helping farmers, and achieved obvious results.

From January to July, the online retail sales of physical goods was 5.1 trillion yuan, a year-on-year increase of 15.7%, accounting for 25% of the total retail sales of social goods, an increase of 5.6 percentage points from the same period last year.

In the first half of the year, the national cross-border e-commerce retail exports increased by 28.7%.

  Qian Keming stated that China will establish and improve the e-commerce regulations and standards system, promote the development of cross-border e-commerce, promote the construction of cross-border e-commerce comprehensive test areas, continue to improve the policy system that adapts to the development of cross-border e-commerce, deepen international exchanges and cooperation, and develop in-depth development. "Silk Road E-commerce", build a new pattern of international e-commerce development that is mutually beneficial and win-win. (Finish)