The total retail sales of consumer goods in 2019 is expected to break 40tn yuan

We have full impetus to promote consumption, steadily carry out foreign trade, and achieved remarkable results in stabilizing foreign investment. The second China International Fair realized "better and better", and many pedestrian streets were upgraded On December 30, the Ministry of Commerce held a media briefing to introduce the business work in 2019. It is estimated that the total retail sales of social consumer goods in China will exceed 40 trillion yuan in the whole year. At the same time, China's position as a major economic and trade power has been further consolidated, and steady progress has been made in building a strong economic and trade power. Wang Bin, deputy director of the market operation Department of the Ministry of Commerce, said at the conference that the total retail sales of social consumer goods in 2019 is expected to be 41.1 trillion yuan, up 8% year-on-year, and the annual contribution rate of consumption is expected to be more than 60%, becoming the first driving force for economic growth for six consecutive years. Data shows that there is a strong demand for service consumption. In the first 11 months, China's catering revenue increased by 9.4% year-on-year, 1.5 percentage points higher than that of retail sales. In the first three quarters, per capita service consumption increased by 10.2%, and service consumption accounted for 50.6% of the final consumption expenditure, 0.7 percentage points higher than the same period of last year.

The import of consumer goods is growing rapidly. In the first three quarters, total imports of consumer goods reached 1.04 trillion yuan, up 15.3% year on year. The retail import volume of cross-border e-commerce across the country increased by more than 30%. Circulation contribution has increased significantly. At present, the circulation industry has more than 70 million market entities and about 200 million jobs. In the first three quarters of 2019, the added value of the main circulation industry reached 7.8 trillion yuan, accounting for 11.2% of GDP. The circulation industry has become an important carrier of entrepreneurship and innovation. "It is estimated that by the end of 2019, China's car ownership will reach 260 million, ranking second only to the United States, and the sales volume of Chinese cars will be the first in the world for 10 consecutive years." Hu Jianping, deputy director of the market construction Department of the Ministry of Commerce, said that since 2019, China's auto sales have seen a negative growth. From January to November, the sales volume of new cars reached 23.11 million, down 9.1% year-on-year. The annual sales volume is expected to reach 26 million, down 7% to 8% year-on-year. The decline of automobile sales is mainly affected by the combination of multiple factors such as the increasing downward pressure of macro-economy, the lack of consumer confidence of residents, the enhancement of resource and environment constraints brought by the continuous growth of automobile ownership, and the change of automobile consumption concept. "The stage of rapid popularization of Chinese automobile has ended, and the automobile market has changed from incremental market to stock market." Hu Jianping said.

The scale of foreign trade in the whole year will be stable at more than 30 trillion yuan. "It is expected that the scale of foreign trade in the whole year will be stable at more than 30 trillion yuan, which is likely to exceed the scale of last year, and then set a new high, adding impetus to the growth of Global trade." Li Xingqian, director of the Department of foreign trade of the Ministry of Commerce, said that the development of foreign trade has shown a good momentum of steady growth and quality improvement. Continuous optimization of structure has become a major feature of foreign trade development. According to the data, the main force of private enterprises plays a prominent role, and the proportion of exports has increased to 51.5%. The layout of the international market is more reasonable and the proportion of the "one belt and one road" country's import and export accounts for 29.3%. The domestic regional layout is more balanced, and the exports of the central and western regions continue to grow. Service trade has maintained steady development and become a new bright spot of "stabilizing foreign trade". From January to November, China's service import and export totaled 4871.1 billion yuan, up 2.1% year on year. The "gold content" of service trade continued to increase, with the import and export of knowledge intensive services reaching 1667.5 billion yuan, an increase of 10.2%, accounting for 34.2% of the total import and export of services. "China's service trade has developed rapidly, and its proportion in the whole foreign trade has been increasing, from 11% in 2010 to 14.6% at present. With the continuous integration of manufacturing industry and service industry, the position and role of service trade in foreign trade is more prominent, with broad prospects and huge potential for development. " Xian Guoyi, director of the Department of services and trade of the Ministry of Commerce, said. China is still an important investment destination of most multinational companies in 2019.

China's independent opening-up measures are many, powerful and deep-seated, forming a "combination fist" to expand opening-up and absorb foreign investment, stabilizing foreign investment confidence and expectation, and ensuring the realization of the goal of stabilizing foreign investment throughout the year. Data shows that from January to November 2019, the actual use of foreign investment in China was 845.94 billion yuan, an increase of 6.0% year-on-year, equivalent to 124.39 billion US dollars, an increase of 2.6% year-on-year. "It is estimated that the annual absorption of foreign investment will increase by about 5% in RMB and 2% in US dollar." Zong Changqing, director of the foreign investment department of the Ministry of Commerce, said. At present, the situation of attracting foreign investment in China is more complicated and severe. The global total amount of transnational investment is still at a low level. The competition for attracting foreign investment is increasingly fierce, and the uncertainty of stabilizing foreign investment is increasing. However, "the basic trend of China's economic stability and long-term improvement has not changed. Attracting foreign investment has a comprehensive competitive advantage, and China is still an important investment destination for most multinational companies." Zong said. In terms of stabilizing foreign investment, in 2020, the Ministry of Commerce will work hard on policy implementation, foreign investment access, environmental optimization, platform construction and investment protection to further enhance the confidence, expectation and sense of gain of foreign investment in China. "At present, a total of 18 pilot free trade zones have been set up throughout the country, realizing the full coverage of coastal provinces, and for the first time, they have been distributed in border areas." Tang Wenhong, director of the port Department of the free trade zone of the Ministry of Commerce, said that in 2020, the Ministry of Commerce, together with relevant departments, will further reduce the negative list of foreign investment access in the pilot Free Trade Zone, explore the establishment of the management system of the negative list of cross-border service trade in the pilot Free Trade Zone, and increase the exploration in promoting the institutional opening of rules, regulations, management, standards and so on.