Ministry of Commerce: 12th Five-Year Development Plan for Overseas Investment

Yao Jian, spokesman of the Ministry of Commerce, said at a regular press conference on the 22nd that the Ministry of Commerce will lead the development of 12 “12th Five-Year” developments for domestic trade, overseas investment, service trade development, border cooperation, and development of special economic zones. planning. At the end of the "Twelfth Five-Year Plan" period, the scale of operation of the important consumer goods market will be doubled from the end of the "11th Five-Year Plan" period. Improve the domestic sales of processing trade Yao Jian said that the “Twelfth Five-Year” development plan for domestic trade led by the Ministry of Commerce has been included in the national-level special plan. The development goal of this plan is to make the sales scale of the total retail sales of social retail products, total sales of production materials, wholesale, retail, accommodation, catering and other important consumer goods markets at the end of the “Twelfth Five-Year Plan” period. Doubled at the end of the period. Yao Jian also said that the Ministry of Commerce is discussing with the General Administration of Customs and the tax authorities to improve the domestic sales policy of processing trade products, and gradually solve some of the international brand luxury goods in China through the domestic sales of processing trade products, the improvement of the distribution system, and the further rationalization of the tax system. The price is higher than the foreign one. Yao Jian said that the same product has different prices in different markets, mainly concentrated in the category of high-end brand goods, and the reaction in the general consumer goods category is not obvious. According to the survey conducted by the Ministry of Commerce, 20 brands of high-end consumer goods such as watches, bags, clothing, wine and electronic products have a price difference at home and abroad. The domestic market is about 45% higher than Hong Kong, 51% higher than the US, and higher than France. 72%. The reasons are: first, there are differences in the distribution system and pricing system of multinational companies; second, the types of domestic brand goods are relatively small, and the choice of consumers is relatively small; third, the comprehensive import tax rate for some branded goods is still Higher, including tariffs and consumption taxes. Yao Jian said that to solve these problems, a comprehensive countermeasure is needed to solve them. Further create a good domestic distribution and operation environment for foreign-invested enterprises, especially foreign-funded operating enterprises. At the same time, foreign-brand enterprises should also give a fair and reasonable price position to the Chinese market. The Ministry of Commerce will further improve the domestic policy system with relevant departments. The earthquake has limited trade impact on China and Japan Yao Jian also pointed out that the earthquake in Japan will affect Sino-Japanese trade in the short term, especially steel and automobiles. However, the impact should be limited because the Japanese economy will recover quickly. From an export perspective, Yao Jian said that Japan is China's third largest trading partner and the largest source of imports. At present, the scale of Sino-Japanese trade is nearly 300 billion US dollars, accounting for about 10% of China's foreign trade. Due to the large scale of GDP in the affected areas in the northeast, it accounts for about 8% of Japan's overall economy. At the same time, the region also concentrates on some electronic, automotive, petrochemical and other products. These products have considerable scale in China's trade volume. In the short term, it will have a certain impact on Sino-Japanese trade. In addition, in terms of China's exports to Japan, clothing, agricultural products and electronic products are the top three categories of products, and these activities will also be affected. Of course, clothing and agricultural products are traditionally exported to Japan, and electronic products are manufactured by some Japanese electronic products, so they will also be affected, but these effects are affected for a limited time. Regarding the situation in Libya, Yao Jian pointed out that the turmoil in Libya’s political situation has indeed had a considerable impact on Chinese-funded enterprises. At present, there are 50 large-scale projects contracted by China in Libya, and the amount involved in the contract is 18.8 billion US dollars. West Asia and North Africa is one of the major markets for China's foreign contracted engineering business. The recent political turmoil in the region has had a certain impact on China's foreign contracted engineering business. In January-February this year, China’s contracted engineering business in the African region signed a new contract worth US$3.47 billion, a decrease of 53.2% year-on-year; the completed turnover was US$3.96 billion, up only 3.8% year-on-year. Among them, the amount of new contracts signed by Libya in China decreased by 45.3% year-on-year, and the turnover decreased by 13.9%. Yao Jian pointed out that China’s overseas investment in 2010 was 59 billion U.S. dollars. It is expected that with the implementation of the “Twelfth Five-Year Plan”, in the next five to ten years, China’s overseas investment may exceed China’s foreign investment and establish effective The security mechanism for overseas investment is particularly urgent and important.

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