Lightspot of New Foreign Trade Model

Recently, I have known that General Office of State Council launched Several Ideas about Promoting Stable Increase of Export and Import. It is mentioned on the ideas that accelerate development of new foreign trade business mode, actively promoting construction of China (Hangzhou) cross-border e-commerce comprehensive experimental area, start of pilot work of expanding market procurement trade way；expand two-way floating range of RMB exchange rate, keeping exchange rate basically stable on reasonable and balanced level.

You have seen that several ideas are pretty beneficial to trade, but what are the specific benefits? Let me concretely analyze it for you.

The highlight of new foreign trade business model is good for import and export trade.

Highlight of new foreign trade business model is the active promotion of cross-border e-commerce on the one hand, which ensures high integration of logistics, customer service, payment and the flow of the whole supply chain; On the other hand, it simplifies goods classification, implementing record management on operator and goods record. Benefit for import and export trade brought from this highlight mainly is strengthening international competitiveness of export and import trade enterprises, at the same time speeding up construction of foreign trade producer and promoting transformation of foreign trade economy modes.

It is good for development of cross-border e-commerce that expand pilot work of market procurement mode of trade.

For cross-border e-commerce, expanding pilot work of market procurement mode of trade is firstly beneficial to increase the exports of foreign trade and promoting market to transform to internationalization; secondly, promote developing economy of pilot work via human flow, cargo flow and money flow; thirdly,  decrease foreign trade cost and make price advantage.

It is good for steady increase of export and import trade that expanding two-way floating range of RMB exchange rate, and keeping exchange rate basically stable on reasonable and balanced level.

Keeping exchange rate basically stable on the reasonable and balanced level is good for decreasing export cost of enterprise and stabilizing economic development of export trade on the one hand; on the other hand, it is beneficial to bring in foreign technology and merchandise at low price. Future situation is expected to be in good condition, with huge support of country and government, constantly improvement of law and regulation and more simple foreign trade procedure, our country’s export and import development will be promoted further.