The average annual growth rate of trade volume of goods between China and countries along the "the Belt and Road" is 8% in ten years

2023-03-03

Chen Chunjiang, assistant minister of the Ministry of Commerce, said at the press conference held by the State Council Information Office on the 2nd that from 2013 to 2022, China's trade in goods with countries along the "the Belt and Road" will expand from US $1.04 trillion to US $2.07 trillion, with an average annual growth of 8%. This year marks the tenth anniversary of the initiative of jointly building the "the Belt and Road". Chen Chunjiang said that since the proposal was put forward, the scale of trade and investment between China and the co-construction countries has been steadily expanded, infrastructure connectivity has been continuously strengthened, and the level of cooperation in the supply chain of the industrial chain has been continuously improved. In terms of investment, from 2013 to 2022, the two-way investment between China and the countries along the line has exceeded 270 billion US dollars. By the end of 2022, the cumulative investment of Chinese enterprises in the overseas economic and trade cooperation zones built by the countries along the line has reached 57.13 billion US dollars, creating 421000 local jobs; In terms of engineering construction, from 2013 to 2022, China's newly signed contracts and completed turnover of contracted projects in countries along the line exceeded US $1.2 trillion and US $800 billion respectively, accounting for more than half of the total amount of foreign contracted projects. Speaking of continuing to promote the "the Belt and Road" economic and trade cooperation at a new starting point, Chen Chunjiang said that he would focus on improving quality, expanding fields, optimizing projects, building platforms and strengthening security. Including optimizing the trade structure and expanding the import of high-quality goods; Deeply participate in the global industrial division and cooperation, and optimize the two-way investment structure; Promote the negotiation and signing of free trade agreements with more willing co construction countries, and accelerate the construction of a free trade zone network covering the "the Belt and Road"; Actively negotiate and sign bilateral cooperation agreements in green development, digital economy, blue economy and other fields; Focus on poverty reduction, health, education and other fields, build more "small and beautiful" projects, and constantly improve the sense of gain and identity of local people; Continue to issue guidelines for foreign investment cooperation countries (regions); We will promote the signing and upgrading of investment protection agreements with co construction countries to provide more guarantees for the high-quality development of the "the Belt and Road". (Xinhua News Agency)

Edit:He Chuanning    Responsible editor:Su Suiyue

Source:Xinhua

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