From "buy China, sell the world" to "buy the world, sell the world" new offshore trade to understand

           To understand the "new offshore trade", we first need to understand what "offshore trade" is. In traditional offshore trade, Chinese companies "sell to the world" by opening offshore companies in Singapore and other places as participants, that is, suppliers of goods.

           Experts said that due to the increasingly fierce global trade competition, Chinese enterprises need to jump out of the traditional trade thinking to participate in global trade. "New offshore trade" mainly refers to the development of offshore trade dominated by domestic companies in China, essentially, Chinese enterprises from a supplier of goods to a service role like Singapore and other offshore economies, selling goods from other countries other than China to the world.

           

           Li Jun, director of the Institute of International Service Trade of the Research Institute of the Ministry of Commerce: To realize the jump in the value chain from "buying China and selling the world" to "buying the world and selling the world", which is of great significance for China to enhance its ability to master global trade resources and help build a trade power.

           The term "new offshore trade" appeared for the first time in the "Government Work Report" and was listed as an important measure to cultivate new growth points of foreign trade. What kind of signal does this release? What is the "new" of the new offshore trade?

           The most prominent "new" change in China's current development of new offshore trade is the "new" role. Our country takes advantage of the free trade pilot zone and other economic areas to set up its own local offshore companies to lead the development of offshore trade.

            Li Jun, Director of the Institute of International Trade in Services of the Research Institute of the Ministry of Commerce: In the past, it was participation, and now it is leading. In the past, China was the supplier of goods, and now China is the leading party in the value chain of offshore trade.

            Its "new" is also reflected in the new trend of digitalization and service. The new offshore trade makes full use of digital technology to deeply integrate with new business forms such as cross-border e-commerce and digital trade, and realize the innovation and expansion of business models. In addition, the development of new offshore trade in China generally needs to rely on digital regulatory platforms and use modern technology to supervise the authenticity of offshore trade business.

           Li Jun, Director of the Institute of International Trade in Services, Research Institute of the Ministry of Commerce: The term "new offshore trade" appeared for the first time in the "Government Work Report" and was listed as an important measure to cultivate new growth points of foreign trade, which not only highlights the new positioning of offshore trade at the national policy level, but also indicates that China's foreign trade connotation is richer, which is conducive to promoting the development of new forms of foreign trade and improving the quality and efficiency of China's foreign trade.

           The development of foreign trade is a key move for China to maintain internal and external economic vitality and enhance the ability of global resource allocation. Experts said that the new type of offshore trade will become a new trend in the future development of foreign trade, injecting new vitality into the high-quality development of China's economy.

           China has maintained its position as the largest country in goods trade for 8 consecutive years. At the same time, China has become a major trading partner of more than 150 countries and regions, and signed 23 free trade agreements with 30 countries and regions.

           In this context, promoting the development of new offshore trade is conducive to China's foreign trade entities to transcend local resource restrictions, cultivate new foreign trade models and new momentum, which is the need to adapt to the changes in international trade trends, and further enhance trade facilitation, reduce or avoid trade frictions, accelerate the layout and enhance the global new trade value chain.

           In recent years, China's new offshore trade has developed rapidly, Shanghai, Hainan Free Trade Port, Shenzhen, Qingdao and other places have become important growth poles, and have accumulated a lot of successful experience in policy support and platform development.

           Yuan Shenglong, Director of the Comprehensive Research Office of the Institute of Foreign Economic Research of the National Development and Reform Commission: In the future, the "local headquarters + global production" and the "buy global, sell global" business model driven by the new offshore trade will become an important trend in the development of foreign trade, and inject new vitality into the high-quality development of our economy.