Ministry of Commerce： China’s high-quality trade has made historic achievements since the 18th CPC National Congress.

　　On May 20th, the Propaganda Department of the CPC Central Committee held a series of press conferences on the theme of "China this decade", introducing the situation of "opening up domestic and foreign trade and building a double cycle" and answering reporters’ questions.

　　Sheng Qiuping, Vice Minister of Commerce, introduced at the press conference that since the 18th National Congress of the Communist Party of China, under the strong leadership of the CPC Central Committee and the State Council, the high-quality development of trade has made historic achievements and played an important role in national economic development and world economic recovery.

　　First, the status of a major trading country has been continuously consolidated. In 2013, China became the largest country in goods trade, and in 2020, the total trade in goods and services jumped to the top in the world. Last year, in dollar terms, the total import and export volume of China’s goods trade increased by 30% year-on-year, spanning two steps of 5 trillion and 6 trillion, reaching a record high. The international market share of exports reached 15.1%.

　　Second, the trade structure has been continuously optimized. The proportion of imports and exports in the central and western regions has increased significantly, and the role of private enterprises has become more prominent. High-tech and high-value-added products such as automobiles and ships have gradually become new growth points, and the export volume of automobiles has increased by 150% compared with 2012.

　　Third, trade innovation and development have achieved remarkable results. New trade formats and new modes have emerged one after another. The number of cross-border e-commerce comprehensive test zones has expanded to 132, enterprises in the zone have built more than 2,000 overseas warehouses, and the number of market procurement trade mode pilots has also expanded to 31.

　　Fourth, market diversification has achieved positive results. Actively expand emerging markets such as Asia, Latin America and Africa, with increasing trading partners and increasingly optimized market layout, and signed 19 free trade agreements with 26 countries and regions, accounting for 35% of the trade volume with free trade partners.

　　Fifth, it has made outstanding contributions to national economic development and world economic recovery. Foreign trade is one of the "Troika" driving economic growth, which has led to employment of 180 million people. Last year, the import and export of goods and services boosted GDP growth by 1.7 percentage points and contributed 20.9% to GDP growth. The contribution rate of China’s imports to the global import growth reached 13.4%, which effectively promoted the recovery of the world economy.