Investigation of open economy in Wuxi
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Recently, a group led by Yu Guangzhou, Party Secretary and Director-General of the General Administration of Customs of the People's Republic of China, investigated export and import trade and open economic development situation in Wuxi, and held a symposium to listen to views and suggestions about promoting "selective import and export" of foreign trade. Li Xiaomin, member of the Standing Committee of the CPC Jiangsu Provincial Committee and Secretary of the CPC Wuxi Municipal Committee, attended the investigation.
During the investigation and symposium, Yu Guangzhou fully recognized Wuxi's progresses and effects achieved in promoting foreign trade economic development, deepening reform and optimizing services, and stated that import and export of Wuxi enterprises owned good development trend, strong development confidence and many development measures.
Confronted with severe and complicated open economic situation, Wuxi has successively released a series of policies and views to stabilize growth of foreign trade and strengthened transformation and upgrade of foreign trade in recent years. Over the past 20 years, the import and export amount of foreign trade in Wuxi have increased by 2% on a year-on-year basis in dollar terms, of which the increase rate of export amount reached 1.6%, making great contributions to stable economic development in the whole city. Since the beginning of 2017, the foreign trade of Wuxi has substantially recovered. In the first 2 months, the total export-import volume in the whole city was 11.445 billion dollars, yearly rising by 17.4%. In the next step, Wuxi will spare its effort to optimization of foreign trade structure, proactively develop new business types of foreign trade, and expand new space of foreign trade. In addition, it will establish a national service trade innovative development demonstration zone, and promote foreign trade to transform towards high quality, high price, and "selective import and export", thus facilitate open economy to reach a new level and make due contributions to the overall situation of open development in the whole country and the whole province.