China News Service, January 29, Qian Keming, Vice Minister of Commerce, said on the 29th that my country's domestic consumption will recover steadily in 2020. The total retail sales of consumer goods for the year is 39.2 trillion yuan, down 3.9%, and the rate of decline narrowed by 7.5 compared with the first half of the year. Percentage points.

Final consumption accounts for 54.3% of GDP, and consumption is still the "ballast stone" for stable economic operations.

Data map: Sanya Hailv Duty Free City welcomes a large number of customers.

Photo by China News Agency reporter Luo Yunfei

  On the 29th, the Ministry of Commerce held a press conference on business work and operations in 2020.

Qian Keming first introduced the overall situation of business work and operation in 2020.

  -Domestic consumption has recovered steadily.

The total retail sales of consumer goods for the year totaled 39.2 trillion yuan, down 3.9%, and the rate of decline narrowed by 7.5 percentage points compared with the first half of the year.

Final consumption accounts for 54.3% of GDP, and consumption is still the "ballast stone" for stable economic operations.

The main features include the following aspects: First, commodity consumption continues to pick up.

Among the 15 categories of goods that are restricted to units, more than half of the growth rates have turned from negative to positive. Upgraded products such as communication equipment and cosmetics performed well, increasing by 12.9% and 9.5% respectively.

The number of car sales in the world for 12 consecutive years.

The second is the orderly recovery of service consumption.

Food and beverage revenue in the fourth quarter increased by 0.2%, basically returning to the level of the same period last year.

The annual per capita expenditure on education, culture and entertainment, transportation and communication, and medical and health care expenditures decreased by 16.6, 7.2 and 6.8 percentage points respectively compared with the first half of the year.

The third is the rapid development of new consumption.

New models such as online shopping and live streaming have developed rapidly. Online retail of physical goods increased by 14.8%, and e-commerce live broadcasts exceeded 24 million, making it the world's largest online retail market for eight consecutive years.

Fourth, the urban and rural markets recovered simultaneously.

The urban and rural communities fell by 4.0% and 3.2%, respectively, which were 7.5 and 7.7% lower than those in the first half of the year.

Rural e-commerce has developed rapidly, with rural online retail sales reaching 1.8 trillion yuan, an increase of 8.9%.

Fifth, prices are generally stable.

We will expand meat imports in an orderly manner, put the central reserve meat in batches, and make every effort to ensure market supply and price stability.

The consumer price rose by 2.5% throughout the year.

  -Foreign trade reached a new high.

The annual import and export of goods was 32.2 trillion yuan, an increase of 1.9%, of which exports increased by 4.0% and imports fell by 0.7%. Both the total scale and the international market share reached record highs.

The main features include the following aspects: First, the vitality of the main body continues to increase.

The number of enterprises with actual import and export performance was 531,000, an increase of 6.2%.

The import and export of private enterprises was 15.0 trillion yuan, an increase of 11.1%, and the proportion of total foreign trade increased to 46.6%.

Second, trading partners are becoming more diversified.

Imports and exports to countries along the “Belt and Road”, ASEAN and APEC members increased by 1.0%, 7.0%, and 4.1% respectively.

Imports and exports to the EU, the United States, the United Kingdom and Japan increased by 5.3%, 8.8%, 7.3% and 1.2% respectively.

The third is to optimize the product structure.

The proportion of exports of mechanical and electrical products increased to 59.4%, and the exports of high value-added products such as integrated circuits, computers, and medical equipment increased by 15.0%, 12.0% and 41.5% respectively.

In particular, we actively leveraged our advantages as the largest supplier of anti-epidemic materials, and provided more than 220 billion masks, 2.3 billion protective clothing, and 1 billion test kits to more than 200 countries and regions, making important contributions to the global fight against the epidemic.

Fourth, the upgrading of service trade has accelerated.

From January to November, the import and export of services was 4.1 trillion yuan, down 16.3%, but this was mainly due to the large decline in tourism, which increased by 2.2% after excluding tourism.

The import and export of six types of knowledge-intensive services including finance increased by 8.0%, and their share rose to 44.2%.

  -Utilizing foreign capital to grow against the trend.

The actual use of foreign capital in the whole year was 999.98 billion yuan, an increase of 6.2%, and 39,000 foreign-funded enterprises were newly established, making it the world's largest foreign capital inflow country, achieving the "three increases" in total investment, growth rate, and global share.

The main features include the following aspects: First, the investment structure is continuously optimized.

The high-tech industry utilized 296.3 billion yuan of foreign capital, an increase of 11.4%.

Among them, R&D and design, e-commerce, and information services increased by 78.8%, 15.1%, and 11.6%, respectively. Pharmaceutical, aerospace equipment, computer and office equipment manufacturing increased by 14.1%, 44.5%, and 60.6%, respectively.

The second is to accelerate the implementation of large projects.

There were 938 large projects with foreign investment of more than US$100 million in newly established or capital increase contracts, which increased by 12.5%. A number of leading companies such as BMW, Daimler, Siemens, Toyota, LG, ExxonMobil, and BASF increased their capital and expanded production in China.

The third is that the regional leading role is obvious.

The actual utilization of foreign capital in the eastern region increased by 8.9%, accounting for 88.4%.

The amount of foreign capital actually utilized by the top six provinces in attracting capital increased by 8.9%, accounting for 78.2%.

The fourth is the effect of opening up highlands.

Throughout the year, the pilot free trade zone actually used 179 billion yuan of foreign capital, and 6472 newly established foreign-funded enterprises, which accounted for 16.8% and 17.9% of the country.

  -The orderly development of foreign investment and cooperation.

In the whole year, non-financial direct investment in 172 countries and regions was 759.77 billion yuan, down 0.4%. The turnover of foreign contracted projects was 1.1 trillion yuan and the value of newly signed contracts was 1.8 trillion yuan. The overall scale was stable and the structure was more optimized.

The main features include: First, rapid growth of investment in key regions and industries.

Investment in countries along the “Belt and Road” increased by 18.3%.

Investment in the equipment manufacturing industry, information technology industry, scientific research and technical service industries increased by 21.9%, 9.6% and 18.1% respectively.

Second, investment methods have become more diversified.

Completed 397 mergers and acquisitions, with a transaction volume of 162.4 billion yuan.

Investment methods such as equity swap and joint investment have shown a good development trend.

The third is the emergence of industrial agglomeration effects.

As of the end of 2020, a total of 309.4 billion yuan has been invested in overseas economic and trade cooperation zones, creating 373,000 local jobs.

The fourth is the steady development of contracted projects.

There were 514 newly-signed projects with a contract value of more than US$100 million, an increase of 8 over the previous year. The contract value of projects under the EPC general contracting model accounted for 63.3%, and cooperation methods such as integration of investment, construction and business continued to develop.

  ——Breakthrough in multilateral and bilateral economic and trade relations.

Successfully signed the "Regional Comprehensive Economic Partnership Agreement" (RCEP), reaching the world's largest free trade zone.

The completion of the China-EU investment agreement negotiations on schedule has become an important milestone in China-EU relations.

At the same time, we are also actively participating in global economic governance, safeguarding the multilateral trading system, participating in WTO reforms, promoting the selection of the Director-General and establishing multi-party provisional appeals and arbitration arrangements.

Put forward a Chinese plan for jointly fighting the epidemic and stabilizing trade and investment in the United Nations, G20, BRICS, APEC and other mechanism platforms, and promote it to become an international consensus.

Build a high-standard free trade zone network, sign the China-Cambodia free trade agreement, advance China-Japan-Korea free trade negotiations with Norway, Israel, and the GCC, and actively consider joining the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP).

Deepen bilateral economic and trade cooperation, sign the China-EU Geographical Indication Agreement, promote Sino-U.S. province-state cooperation, strengthen Sino-Russian economic and trade cooperation, and implement the "Eight Major Actions" of China-Africa cooperation.