The two-day National Business Work Conference opened yesterday. Minister of Commerce Chen Deming pointed out in his work report that China’s trade surplus will shrink to 160 billion U.S. dollars in 2011, and its share of GDP has dropped from 3.1% in the previous year to around 2%. . Concerns: The surplus will shrink to 160 billion US dollars. Chen Deming said in review and summary that China's urban and rural residents' consumption continued to grow rapidly in 2011. It is expected to reach 18 trillion yuan in the whole year, an increase of about 17%; the overall growth of foreign trade is relatively fast, and it is expected The total import and export volume will reach 3.6 trillion US dollars, an increase of more than 20%. The trade surplus will continue to narrow, which is expected to be around 160 billion US dollars. The quality of foreign capital utilization will increase steadily. The actual use of foreign capital in the first 11 months will be 103.8 billion US dollars, up 13.2%. Foreign investment cooperation was solidly promoted. In the first 11 months, non-financial foreign direct investment reached US$50 billion, an increase of 5.2%. Chen Deming said that the structural adjustment was accelerated last year and the stable and balanced development of foreign trade was achieved. Maintain export tax rebate and processing trade policy stability, strengthen export credit and credit insurance support, promote RMB settlement of cross-border trade, support enterprises to consolidate traditional markets, explore emerging markets, and promote faster development of foreign trade. We will build a number of foreign trade transformation and upgrading demonstration bases, science and technology trade innovation bases, and ship automobile export bases, and build public service platforms such as trade promotion and R&D design. Chen Deming pointed out that in 2011, it increased import promotion, improved the negotiation mechanism for bulk commodity imports, and expanded the scale of imports and optimized the structure. The proportion of trade surplus to GDP fell from 3.1% in the previous year to around 2%. Concerns: This year, the retail sales of consumer goods will increase by more than 14%. According to Xinbin, deputy director of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce of the People's Republic of China, Wang Bin said yesterday that China's online retail sales grew rapidly in 2011, with online retail sales reaching 519 billion in the first three quarters. Yuan, the annual total reached 718.6 billion yuan, an increase of 37.3% over 2010. It is estimated that the total retail sales of consumer goods in China will increase by more than 14% in 2012. In an interview with reporters at the National Business Work Conference, Wang Bin introduced that in 2011, the income of Chinese residents grew steadily, the social security system was further improved, a series of new policies were issued in a timely manner, the consumption subsidy policy was effective, the circulation system was further improved, and consumption remained Fast growth. According to the information from the Ministry of Commerce, the consumption situation in China is generally good in 2011. It is estimated that the total retail sales of consumer goods in China will be 18 trillion yuan, a year-on-year increase of 17%. From the historical data, it is 2.1 percentage points higher than the average growth rate in the past decade, and is still in a relatively fast growth range. Wang Bin said that in 2012, the instability and uncertainty of the recovery of the world economy will rise, and the international economic environment will not be able to improve significantly in the short term. The downward pressure on domestic economic growth and the pressure of rising prices have coexisted, and the uncertainties affecting the smooth operation of the market are also increasing, but the basis for steady and rapid growth in consumption remains solid. According to the "Shanghai Securities News" report, the Ministry of Commerce has identified the main tasks and key tasks of business development during the "Twelfth Five-Year Plan" period. It is estimated that the total retail sales of social consumer goods in China will increase by about 15% annually during the "Twelfth Five-Year Plan" period. Both increased by about 10%. Concerns: Home appliances going to the countryside will have a continuation policy For the continuation of the old-fashioned replacement policy for home appliances, Chen Deming pointed out yesterday that the Ministry of Commerce will summarize the experience of home appliances to the countryside and trade-in in the past two years, and timely study and formulate alternative continuation policies. The home appliance industry's trade-related promotion policy will face new challenges after the fall of December 31, 2011. How to deal with the 2012 pessimistic consumption situation is the most important issue for many home appliance companies. In response to Chen Deming’s announcement that the alternative succession policy will be studied in time, Zhao Ping, deputy director of the Consumer Economics Research Department of the Ministry of Commerce, revealed that he is studying the next step of the consumption promotion policy. The main idea is to save energy and environmentally friendly products and establish a waste recycling system. Make financial subsidies. According to the latest data from the Ministry of Commerce, the implementation of the old-for-new policy for home appliances has been carried out for more than two years. A total of 92.48 million new home appliances have been sold, driving direct consumption of more than 342 billion yuan, effectively releasing the spending power of urban residents.
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