In 2023, China's consumption, foreign trade and two-way investment will remain basically stable, making positive contributions to the recovery of the national economy. Business operations were generally stable throughout the year, and new steps were taken in high-quality development.
stability, quality improvement, and energy enhancement" are highlighted.
In 2023, business work can be summarized by "maintaining stability, improving quality, and increasing energy".
Stay steady. Looking at consumption, the total retail sales of consumer goods hit a record high, and the contribution rate of final consumption expenditure to economic growth in 2023 reached 825%。Looking at foreign trade, the import and export of goods achieved positive growth in RMB on the basis of a high base, and the international market share of exports remained stable at about 14%. Looking at two-way investment, the actual use of foreign capital was the third highest in history, and foreign non-financial direct investment increased by 16 percent in RMB terms7%。
Quality improvement. Consumption improved, China's online retail sales increased by 11%, continuing to maintain a rapid growth rate; Retail sales of services increased by 20%, showing great growth potential. The quality of foreign trade has been improved, and the proportion of China's import and export of intermediate goods has reached 611%, which remains at an all-time high; The proportion of imports and exports of private enterprises increased by 31 percentage point to 535%。In terms of two-way investment, the proportion of foreign investment attracted by high-tech industries and manufacturing industries has increased; The growth rate of outbound investment in manufacturing, wholesale and retail trade is above average, and outbound investment cooperation in green and digital fields continues to expand.
Energized. New drivers of development continue to emerge, and the proportion of online retail sales of physical goods in the company has increased to 276%, a record high; Green, healthy, smart products, and domestic "trendy products" are favored and have become new consumption hotspots; Automobile exports increased by more than 50%, and cross-border e-commerce exports increased by 19%.6%;The number of newly established foreign-funded enterprises increased by 397%。
The structure of foreign trade has been continuously optimized.
In 2023, the total import and export volume of China's foreign trade will reach 4176 trillion yuan, showing strong resilience.
From a longitudinal point of view, on a high base in 2022, the scale of imports and exports has achieved 0A positive growth of 2%, an increase of more than 30% from 2019, before the pandemic.
Horizontally, the United Nations Conference on Trade and Development (UNCTAD**), the global value of goods will decrease by 7 in 20235%, in contrast, China's foreign trade performance is better than the overall global level, and also better than most major economies.
The structure of foreign trade has been continuously optimized, which is highlighted in the two "first breakthroughs". First, the export of new energy vehicles, photovoltaic products, lithium batteries and other "new three" products exceeded 1 trillion yuan for the first time, an increase of nearly 30%. Second, the number of business entities with import and export performance exceeded 600,000 for the first time, reaching 6450,000.
In 2023, China's actual use of foreign capital will be 1632500 million US dollars, equivalent to 113 trillion yuan, although there is a year-on-year decline, but the scale is second only to 2021 and 2022, the third highest in history. At the same time, the proportion of investment in high-tech industries reached 374%, an increase of 1 from 20223 percentage points, accounting for a record high.
Wang Wentao, Minister of Commerce, said that there are some fluctuations in short-term foreign investment data, which is a normal phenomenon in line with economic laws. The fundamentals of China's long-term economic growth have not changed, especially adhering to the basic national policy of opening up to the outside world, always opening up to the outside world, and sincerely welcoming enterprises from all over the world to invest in China.
The consumer market is picking up.
* The Economic Work Conference proposed to promote consumption from post-epidemic recovery to continuous expansion. Focusing on "continuous expansion", the Ministry of Commerce proposed that in 2024, the "Year of Consumption Promotion" will be the main line, and various consumption promotion activities will be held to create a strong consumption atmosphere, provide residents with more diversified and richer consumption experience, and enhance the recovery momentum of the consumer market.
Promoting the trade-in of automobiles and home appliances is one of the key points of promoting consumption this year. At present, China's automobile and home appliance market has entered the "era of both increment and stock" from the simple "incremental era" to the "era of equal emphasis on increment and stock". The trade-in of consumer goods such as automobiles and home appliances is a systematic project, which requires production, supply and marketing, upstream and downstream, government, enterprises and people, online and offline coordination and linkage, and comprehensive policies. The Ministry of Commerce will strengthen support and guidance, take the improvement of technology, energy consumption, emission and other standards as the traction, promote the opening of the difficulties of trade-in, stabilize and expand traditional consumption, and better meet the needs of consumer goods replacement and upgrading.
In recent years, the cross-border integration of domestic products and "trendy products" has collided with new hot spots in residents' lives and consumption. This year, the Ministry of Commerce will continue to pay attention to the consumption of "trendy products" of domestic products, and promote the protection, inheritance and innovative development of time-honored brands through activities such as the "Time-honored Brand Carnival" and the "Time-honored Brand Digital Museum".
In addition, the development level of consumption environment and circulation facilities in urban and rural areas in China is different, and different methods, policy guidance and promotion need to be adopted. In the city, we will continue to promote the cultivation and construction of international consumption center cities, gradually improve the urban business system led by pedestrian streets, supported by smart business districts, and based on convenient living circles, so as to continuously improve the consumption level of the city. In rural areas, we will speed up the completion of rural commercial shortcomings, build a well-equipped, two-way smooth rural circulation network, promote the "rural areas" of industrial products and agricultural products "into the city", and continue to release the consumption potential of rural areas.