Chinese Ministry of Commerce announced on its website yesterday the “” second five “major tasks and business development priorities.” “Expanding domestic demand” and “going out” with the goal of the first quantitative indicators.

The paper highlights the basic establishment of the modern circulation system, foreign trade structure was optimized to significantly enhance the efficiency of foreign investment, “going out” strategy to accelerate the four objectives.

“The next five years, the global economy has entered a slow period of adjustment, the domestic factor costs into the concentrated period of rise, changes in business approach to development has entered a crucial period of unprecedented commercial business is facing many challenges.” Document states.

Specific indicators include: the overall size of the domestic market and gradually largest in the world, total retail sales of social consumer goods average annual growth of 15% in 2015 to 32 trillion yuan; production average annual sales growth of 16 percent in 2015 to 76 trillion million. It also established, in promoting a common understanding of global economic growth, China still insists on expanding import of strategic orientation. December 11, 2011, Chinese President Hu Jintao reiterated that the next five years, the total size of China’s imports are expected than $ 8 trillion.

Export and import indicators include: average annual growth of import and export about 10% in 2015 reached 4.8 trillion U.S. dollars, average annual growth of trade in services more than 11% in 2015 to reach $ 600 billion. Trade balance continued to improve, optimize trade structure, technology, brand, quality and service as the core competitive advantage to accelerate the formation of the new.

The FDI (internal and external), the emphasis on attracting foreign investment to improve the quality and amount of foreign investment after five years the average annual growth rate and overall size. Average actual foreign investment of about $ 120 billion, rising quality of foreign investment, way more diverse, more rational structure of foreign investment in the promotion of innovation, industrial upgrading and coordinated regional development is more significant role. Average annual growth of foreign direct investment 17%, 5-year cumulative $ 560 billion, “bringing in” and “going out” roughly the same size. (Source: First Financial Daily)