Category Archives: Economy outlook

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economy

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economy

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China-Arabian countries’ trade and economic relation

In 2016, Chinese MOFCOM comprehensively implemented the spirits of the 18th CPC National Congress, the third, fourth, fifth and sixth Plenary Sessions of the 18th CPC Central Committee, made in-depth study and carried out the speech spirits of General Secretary Xi Jinping. Following the unified deployment of the central committee and the State Council, under the framework of jointly building the “Belt and Road”, MOFCOM, in the principles of achieving shared growth through discussion and collaboration, has overcome the difficulty of regional turmoil, enhanced strategic docking with Arabian countries and promoted the constant development of China-Arabian countries’ trade and economic cooperation. At the beginning of 2016, President Xi Jinping visited Saudi Arabia, Egypt, the headquarter of League of Arab States and the Secretariat of Gulf Cooperation Council successively. The Chinese government released China’s Arab Policy Paper, indicating a direction for China-Arabian countries’ trade and economic cooperation. Bilateral cooperation was constantly extended and a new landscape began to take on. Continue reading

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Trade in service drives new growth in China

In 2016, Chinese MOFCOM comprehensively implemented the spirits of the 18th CPC National Congress, the third, fourth, fifth and sixth Plenary Sessions of the 18th CPC Central Committee, made in-depth study and carried out the speech spirits of General-Secretary Xi Jinping. In accordance with the uniform deployment of the central committee and the State Council, the Ministry of Commerce actively adapted to the new normal of economic development, insisted on steady progress, undertook to promote supply-side structural reform and innovative development of trade in service, making a good start for the 13th Five-Year Plan. Continue reading

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Guidance on Strengthening International Cooperation and Raising Chinese Industries’ Position in Global Value Chains

In order to implement the requirements of “raising Chinese industries’ position in global value chains” put forth at the 5th Plenary Session of the 18th CPC Central Committee, the Ministry of Commerce, together with National Development and Reform Commission, Ministry of Science and Technology, Ministry of Industry and Information Technology, the People’s Bank of China, General Administration of Customs, and National Bureau of Statistics jointly released Guidance on Strengthening International Cooperation and Raising Chinese Industries’ Position in Global Value Chains (hereinafter referred to as the Guidance) recently. Continue reading

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Reports on China’s Foreign Trade 2016 Autumn

The Comprehensive Department and Chinese Academy of International Trade and Economic Cooperation of China’s MOFCOM jointly issued the Reports on China’s Foreign Trade (2016 Autumn) (hereinafter referred to as the Reports). The Reports reviewe the operation situation of China’s foreign trade in the first three quarters and predicts the development situation of China’s foreign trade in the whole 2016 and 2017. Continue reading

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Chinese consumption market forecast to be stable

On October 20, the Head of the MOFCOM Department of Market Operation and Consumption Promotion introduced the operation situation of the consumption market in the first three quarters of 2016. Continue reading

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