Consumption Promotes Growth And Foreign Trade Adds Bright Spots. China’S Economy Shows Strong Resilience And Vitality
This year marks the tenth anniversary of the implementation of the Beijing-Tianjin-Hebei coordinated development strategy. Recently, a number of data related to economic and social development have been released, mainly including that the total import and export volume of the Beijing-Tianjin-Hebei region has increased year by year, the import and export scale of Beijing has reached a new high, and cross-border e-commerce has become a highlight in my country's foreign trade field... The data shows that consumption drives growth, foreign trade has added highlights, and the Chinese economy has shown strong resilience and vitality.
Data show that the Beijing-Tianjin-Hebei region's import and export volume in 2023 was 5.03 trillion yuan, an increase of 0.4%, achieving positive growth for three consecutive years, accounting for 12% of the country's total import and export value.
In terms of imports, the Beijing-Tianjin-Hebei region will import 3.72 trillion yuan in 2023, accounting for 20.7% of the country's total import value, accounting for more than half of my country's imports of grains, crude oil, natural gas, and aircraft. Enterprises in the Beijing-Tianjin-Hebei region account for 20.7% of the country's total imports. Two-thirds of the total number of cars.
In terms of exports, the Beijing-Tianjin-Hebei region's exports in 2023 will be 1.31 trillion yuan, an increase of 2.5%, accounting for 5.5% of the country's total export value. Among them, the export values of refined oil, automobiles, auto parts, and "three new" products are respectively Growth rates were 10.4%, 114.5%, 17.9%, and 37.1%, all of which were higher than the national export growth rate of similar commodities.
As the core of the development of the Beijing-Tianjin-Hebei region, the import and export scale in 2023 exceeded 3 trillion yuan for the third consecutive year, setting another record high.
In 2023, Beijing's import and export volume will be 3.65 trillion yuan, a year-on-year increase of 0.3%, accounting for 8.7% of the country's total import and export value. Among them, imports will be 3.05 trillion yuan, ranking first in the country in terms of import scale, accounting for the total import value of the Beijing-Tianjin-Hebei region 82% of the total; exports were 600.01 billion yuan, an increase of 2%, accounting for 45.7% of the total export value of the Beijing-Tianjin-Hebei region.
Data show that my country's cross-border e-commerce import and export in 2023 will be 2.38 trillion yuan, an increase of 15.6%; of which, exports will be 1.83 trillion yuan, an increase of 19.6%. Cross-border e-commerce has become a highlight in my country's foreign trade field.
In 2023, my country will export 1.83 trillion yuan of goods to all parts of the world through cross-border e-commerce, which is 2.3 times that of five years ago. By 2025, my country's cross-border e-commerce transaction volume will reach 2.5 trillion yuan, bringing new opportunities to Chinese companies and brands. In 2023, the "three new items" of foreign trade - exports of new energy vehicles, lithium batteries, and solar cells will exceed 1 trillion yuan for the first time. Exports of ships and home appliances are also growing rapidly. my country's foreign trade shows strong resilience.
Expanding the trade of intermediate goods represented by raw materials, semi-finished products and parts is one of the key tasks of my country's foreign trade in 2024. According to the Ministry of Commerce, my country's foreign trade has ranked first in the world's largest exporter of intermediate goods for 12 consecutive years, and intermediate goods have contributed nearly 60% to the increase in foreign trade.
47,149.5 billion yuan! This is my country's total retail sales of consumer goods in 2023, a year-on-year increase of 7.2%. The consumer market is booming, driving the rapid development of the service industry. In 2023, final consumption expenditure will contribute 82.5% to economic growth, driving economic growth by 4.3 percentage points, further highlighting its role as the main engine of economic growth.
Data from the Ministry of Industry and Information Technology show that the economic performance of small and medium-sized enterprises has generally recovered and improved, with various indicators continuing to grow, demonstrating strong resilience and vitality. In 2023, the added value of industrial small and medium-sized enterprises above designated size nationwide will increase by 4.7% year-on-year, of which December increased by 7.7% year-on-year.
47 institutional innovation results of the Pilot Free Trade Zone released
Recently, the Ministry of Commerce released 47 institutional innovation results in the pilot free trade zones, focusing on trade facilitation, transformation of government functions, foreign investment access and other fields. So far, a total of 349 institutional innovations in pilot free trade zones have been promoted at the national level, playing an important role in promoting high-level opening up and promoting high-quality development.
RMB has become the largest cross-border settlement currency between Shenzhen and Hong Kong for four consecutive years
In 2023, the amount of cross-border RMB receipts and payments in Shenzhen exceeded 4 trillion yuan for the first time, of which the cross-border RMB receipts and payments between Shenzhen and Hong Kong reached 3.5 trillion yuan, a year-on-year increase of 31.6%. The RMB has become the largest cross-border settlement currency between Shenzhen and Hong Kong for four consecutive years.