“The total export-import volume reached 6.3 trillion yuan in Guangdong 2016, accounting for 28.5% of the national volume,” announced by Ma Xingrun, Governor of Guangdong, in his annual report on government work of Guangdong released on Jan.19th , the opening day of the 5th session of 11th Guangdong Provincial People's Congress.
As the pioneer of China’s reform and opening-up, Guangdong has claimed champion of the nation’s GDP in 27 consecutive years. However, in 2016 the world saw the rise of trade protectionism and populism. The overall situation for global trade and investment continued to wobble, which would possibly last into 2017. Lin Tao, President of the CCPIT Guangdong Committee indicated the trade promotion system of Guangdong will focus on “stabilizing market share, improving trade structure and increasing benefits” in 2017.
Lin Tao, President of CCPIT Guangdong Committee, voted on the The Fifth Session of 11th Guangdong Provincial Committee of Chinese People's Political Consultative Conference
We need to change
According to the government report, to promote a steady rise is one of the most important keys for maintaining medium-high economic growth, and expanding export and stabilizing market share are the two priorities.
“In the new year, we will focus on stabilizing market share, improving trade structure and increasing benefits instead of simply focusing on expanding the amount,” said Lin, when he introduced the master plan of the trade promotion system this year.
In the past year, the province saw a good start on the transformation of mode and structure on business and trade. According to statistics, Guangdong’s general trade comprised a larger portion than theprocessing trade for the first time. As the foreign trade scale of Guangdong has enjoyed a high-speed development for the past decades, it would be a relative less room for the quantity growth in the future. As a result, the shift of emphasis in work is imperative. However, to guarantee those changes, more innovations are required.