Foreign trade and consumption scale both hit record highs

Our reporter Han Songyan

Since the 18th National Congress of the Communist Party of China, China has become the second largest commodity consumption market in the world, the total value of trade in goods has been ranked first in the world for five consecutive years, the foreign investment has remained the second in the world, and its foreign investment has ranked first in the world.

Consumption has become the first driving force of economic growth again

Data show that in 2021, the total retail sales of consumer goods will be 44.

Xu Xingfeng, head of the Department of Market Operation and Consumption Promotion of the Ministry of Commerce, said that from the perspective of the whole year, innovation-driven features are obvious, and smart consumption has grown rapidly

The Ministry of Commerce predicts that the overall consumption situation in 2022 will continue to maintain the momentum of recovery and development

The first is to improve the traditional consumption energy level

The second is to accelerate the development of new types of consumption

The third is to promote the upgrading of urban consumption

The fourth is to make up for the shortcomings of rural consumption

Fifth, do a good job in promoting consumption activities

The Ministry of Commerce has designated 2022 as the "Year of Foreign Trade Consolidation and Improvement"

Last year, China's foreign trade achieved outstanding results.

Li Xingqian analyzed that from the perspective of demand, due to factors such as the new crown pneumonia epidemic, labor shortages, supply chain disruptions, and rising inflation pressures, the global economic recovery is facing enormous pressure

From the perspective of supply, the restructuring of the international supply chain is accelerating, and the developed economies are unilaterally pursuing industrial return, which is fragmenting the market and reducing the efficiency of global resource allocation

"We fully face these difficulties, and we must strengthen our confidence

Li Xingqian said, "China's foreign trade industry has a solid foundation, and the fundamentals of long-term improvement have not changed

"China Food News" (version 01, January 27, 2022)

(Editor-in-charge: Han Songyan)