[Commentary] On November 12, the State Information Office held a regular policy briefing.

Ren Hongbin, Assistant Minister of Commerce, said that from January to October 2020, China's total import and export volume reached RMB 25.95 trillion, a record high for the same period in history.

  [Concurrent] Ren Hongbin, Assistant Minister of Commerce

  From January to October, my country’s total imports and exports reached RMB 25.95 trillion, an increase of 1.1% year-on-year, and the scale hit a record high in the same period in history.

At the same time, the international market share further increased.

China’s foreign trade has strong resilience, great potential, strong corporate innovation capabilities, and the long-term positive development trend has not changed. We are fully confident of achieving the annual foreign trade development goals.

  [Explanation] Recently, the "Implementation Opinions of the General Office of the State Council on Promoting the Innovative Development of Foreign Trade" was officially issued.

When talking about the practical benefits of the "Implementation Opinions" for foreign companies in China, Ren Hongbin said that the "Implementation Opinions" will enable foreign companies to better enjoy policy dividends, business environment, and usher in greater market space. More development opportunities.

  [Concurrent] Ren Hongbin, Assistant Minister of Commerce

  Domestic and foreign enterprises are treated equally in finance, taxation, credit, insurance and other aspects.

It is necessary to simplify the customs clearance process and continue to clean up and standardize the company-related charges in the import and export links. This will provide foreign-funded enterprises with more trade facilitation measures.

Encourage the development of emerging markets, foreign companies will be able to obtain new market space.

The "Implementation Opinions" support domestic companies to enhance their innovation capabilities. Domestic and foreign companies can learn from each other, learn from each other, and promote each other; new business models and models such as cross-border e-commerce are in the ascendant, creating new development opportunities for foreign companies.

  [Commentary] At the meeting, a reporter asked what is the current situation of Chinese companies exporting to domestic sales. Li Xinggan, Director of the Department of Foreign Trade of the Ministry of Commerce, said that the "Implementation Opinions on Supporting Exports to Domestic Sales" issued by the State Council in June 2020 supports foreign trade companies The development of the domestic market has achieved positive results.

According to the questionnaire, more than 40% of foreign trade companies have already started export-to-domestic sales.

  [Concurrent] Li Xinggan, Director of the Department of Foreign Trade, Ministry of Commerce

  One is to build channels to speed up the transfer to domestic sales.

We organize domestic buyers to purchase foreign trade products at the Canton Fair, and various localities support enterprises to expand domestic sales channels according to local conditions.

The second is to use investment projects to drive domestic sales.

The third is to promote the convergence of standards to promote domestic sales.

Expand the promotion of "same line, same standard and same quality" products, and expand the scope of "three same" products from food and agricultural products to toys, furniture, clothing and other consumer products.

The results of our questionnaire survey of 4130 foreign trade companies show that more than 40% of foreign trade companies have carried out export-to-domestic sales.

  [Explanation] Li Xingqian said that he supports the transfer of marketable export products to domestic sales, stabilizes foreign trade entities and industrial chain supply chains, expands domestic consumption and industrial upgrading needs, and creates new market opportunities and development space.

The Ministry of Commerce will further implement various policies and measures with various localities, departments and relevant industry organizations, relying on the strong domestic market potential and space to promote a virtuous cycle and coordinated development of domestic and foreign trade, and contribute to the establishment of a new development pattern.

  Reporter Liu Xuanting reports from Beijing

Editor in charge: [Lu Yan]