This year, China's foreign trade enterprises have been increasingly going global to secure orders and expand markets.
On July 26th, the China Council for the Promotion of International Trade (CCPIT) held its regular press conference for July.
Wang Linjie, the spokesperson for the CCPIT, stated that since the beginning of the year, China's foreign trade has shown strong resilience and vitality, with a further consolidation of the positive momentum.
The CCPIT has organically combined overseas exhibition work with the high-quality joint construction of the "Belt and Road" and the stabilization of foreign trade, taking multiple measures to help enterprises go global and explore business opportunities.
Wang Linjie introduced that in the first half of the year, the CCPIT approved a total of 1,195 overseas exhibition projects planned for 2024 nationwide, involving 72 organizing units and 53 countries and regions, with a planned exhibition area of 832,500 square meters.
Advertisement
In the first half of the year, 536 overseas exhibition projects were actually implemented, with an actual exhibition area of 324,400 square meters, and 22,270 participating enterprises.
The number of projects, exhibition area, and number of enterprises increased by 57%, 48.5%, and 70.8% respectively compared to the same period in 2023.
In addition, the CCPIT has also coordinated the national trade promotion system, meticulously organizing a large number of foreign trade enterprises to implement the "Thousand Groups Going Global" special action.
In the first half of the year, the task has been exceeded, with more than 1,000 batches of trade and investment promotion groups visiting 93 countries and regions.
Especially, many small and medium-sized enterprises have gone global with the group and returned with full loads.
According to customs statistics, in the first half of the year, the total value of China's import and export of goods trade was 21.17 trillion yuan, a year-on-year increase of 6.1%.
Foreign trade enterprises are more active and enthusiastic in organizing their own exhibitions abroad.
Wang Linjie said that the overseas exhibitions in the first half of this year have shown three characteristics.
First, the concentration of countries and regions is high.
The total number of enterprises participating in exhibitions in Germany, Russia, the United States, Indonesia, and the United Arab Emirates accounts for more than 55%.
Asia is still the most important market for Chinese enterprises to participate in exhibitions abroad, accounting for about 40%.
Second, machinery, textiles, transportation, construction decoration, and consumer goods are the five major industries for Chinese enterprises to participate in exhibitions abroad.
Enterprises in China's advantageous industries such as machinery, electronics, and auto parts have performed well on the international exhibition stage.
Emerging industries such as new energy vehicles, auto parts, and pharmaceutical raw materials, as well as emerging markets such as Central Asia, Africa, and Latin America, have great potential.
Third, institutions or enterprises are more active and enthusiastic in organizing their own exhibitions abroad.
In the first half of the year, a total of 14 organizing units went to 15 countries and regions to organize 24 self-organized exhibition projects, of which 18 were in Asia.
Asia is the first choice for organizing exhibitions abroad, comprehensive exhibitions are the main form of self-organized exhibitions, and textile products are the most numerous professional categories in self-organized professional exhibitions.
Wang Linjie said that the CCPIT has established a working mechanism for the leadership of the association to lead Chinese entrepreneurs to regularly visit major trade partners such as the United States, Europe, and Japan.
At the same time, according to the needs of enterprises, more groups will be organized to visit ASEAN, the Middle East, Latin America, Africa, and other "Belt and Road" joint construction countries and regions for exchange visits, and we sincerely invite a large number of foreign trade enterprises to "set sail and go global" together.
Foreign-funded enterprises have a high overall satisfaction with China's business environment.
The meeting also released the "2024 Second Quarter China Foreign Investment Business Environment Research Report".
The report said that the surveyed foreign-funded enterprises have a high overall satisfaction with China's business environment.
In the second quarter of this year, the CCPIT conducted research visits to more than 400 foreign-funded enterprises, of which 43% of foreign-funded enterprises came from developed countries or regions such as the United States and Europe, 71% were small and micro enterprises, and 45% came from traditional manufacturing industries.
Among the 10 surveyed indicators, more than 90% of the surveyed foreign-funded enterprises rated "municipal public infrastructure installation", "obtaining business premises", "handling business closure procedures", "market access", "cross-border trade", "taxation", "resolving commercial disputes" and other 7 indicators as "satisfied" or above.
Looking at future investment confidence, more than 40% of the surveyed foreign-funded enterprises believe that the attractiveness of the Chinese market has "risen".
Among them, American-funded enterprises are the most optimistic about the Chinese market among all foreign-funded enterprises, with more than 40% of American enterprises believing that the prospects of the Chinese market this year are "good" and the attractiveness of the Chinese market has "risen".
Looking at the business situation in China, nearly half of the surveyed foreign-funded enterprises expect the profit margin in China to increase in the next 5 years, with the most still being American-funded enterprises.
15% of the surveyed foreign-funded enterprises said they will increase investment in China this year, among which the proportion of surveyed enterprises that said the increase in investment is "greater than 20%" has increased by 6.73 percentage points month-on-month.
The report believes that despite the changes in the international situation, China is still a global investment hotspot.
A large number of foreign-funded enterprises continue to be optimistic about the Chinese market, and their confidence in expanding investment in China is continuously increasing.