Last Year, China’s Consumption Abroad over 3 Trillion, Three Measures to Guide Foreign Purchases Reflux

In the morning of the 7th March, the third meeting of the 12th NPC hold a press conference, the Minister of Commerce Gao Hucheng answered reporters' questions focusing on “cultivate a new consumer highlight, build a new open pattern”.

import and export growth in March is expected to positive

Government work report shows that this year's foreign trade growth target is 6 percent, Gao said, we are confident to accomplish this goal. He said that according to estimates of leading indicators, import and export growth in February was still negative, but the decreasing amplitude would be significantly reduced, in March China's imports and exports will be converted into positive growth.

"in 2014 China was no. 1 for the global trade of goods." Gao said, China will take measures to promote the realization of this year’s import and export targets, continue to focus on the foreign trade policy measures to stabilize the foreign trade growth, strengthen the support for the transformation and upgrading and restructuring of enterprises, encourage the development of new export marketing model, and continue to create a more favorable international competitive environment for Chinese enterprises.

"One belt one road" to usher key year

In the second half of 2013, China has proposed the strategic concept to construct the "Silk Road economic belt" and "21st Century Maritime Silk Road", attracting the global attention and the enthusiastic response of countries along the road.

Gao said, 2015 is the key year to build "one belt one way", China has negotiated with many countries along road about the planning and implementation of a number of projects. The Asian infrastructure investment bank set up $40 billion of "Silk Road Fund", China's commercial banking institutions and commercial insurance agencies, and the countries’ financial institutions, as well as the related fund, all of them will provide the financial support for the "one belt one way" construction.

Three measures to guide foreign purchases reflux

Gao said Chinese overseas shopping grows rapidly. According to incomplete statistics, last year, Chinese citizens traveling abroad were over 100 million, consumption abroad more than 1 trillion yuan.

Gao said the main reason for the consumption abroad is the price difference. First, high tax rates; the second is the domestic distribution costs are too high, too many links exist; the third is the pricing policy of foreign brands in China. next we will focus on these three areas and take measures to guide foreign buyers back.（ｗｗｗ．ｃｈｉｎａｉｎｏｕｔ．ｃｏｍ）