The Ministry of Commerce held a press conference on July 15th to introduce China's business operation from January to June 2014. Shen Danyang, spokesman of the Ministry of Commerce, said that without private enterprises, it would be hard to imagine that our foreign trade would be what it is today.
At the press conference, Shen Danyang analyzed the foreign trade situation in the second half of the year, pointing out that the growth rate of foreign trade import and export will obviously rebound in the second half of the year, and the annual growth rate will show a trend of low before and high after. When the reporter asked about the advantages of China's foreign trade, Shen Danyang summarized the following three points: First, China still has comprehensive competitive advantages; Second, we have cultivated a number of internationally competitive industries and enterprises; Third, a very important safeguard factor is that the Chinese government attaches great importance to foreign trade.
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Shen Danyang pointed out: "The competitiveness of China's private enterprises is also increasing. Since China's accession to the WTO, the average annual growth rate has been 18.4 percentage points higher than that of foreign trade exports, and it has become the most dynamic and export potential market in China's foreign trade. The reason why we are confident is that after so many years of reform in our foreign trade, private enterprises have already possessed strong competitiveness, and their vitality is constantly emerging. Without private enterprises, it is hard to imagine that our foreign trade would have today."
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