Sino-foreign economic and trade cooperation promoting mutual prosperity
The Relationship Between China’s Business and Politics
In China, the economic development mainly relies on the mutual promotion of politics and business. Since the reform and opening-up policy begun in 1978, China’s business environment has become more open under the support, promotion and leading of the government.
Nowadays, the economic environment becomes more complicated under the influence of the multiple factors, such as the lower price of bulk commodities, the slower economic growth of the major trade partners, the changing exchange rate, and tightened loans. To cope with this situation, our nation started a new strategy “the Belt& Road(B&R).
The Belt and Road policy is a grand economic vision for opening up the cooperation with the countries along the line on the mutual benefits. Nowadays, the Chinese government is making great efforts to do the cross-region infrastructure construction and a safe and efficient network of land, sea, and airways, which has been formed basically. The investment and trade have become more convenient; a high standard network of free trade zones has taken shape; economic contact has been much closer; political trust has become much deeper. All these points lay an unprecedented foundation for the economic and trade cooperation.
The train number of China-EU Railway from/to Zhengzhou is about 1000 annually.
Each week 8 trains into and 8 trains out
Civil Aerospace Industry
Xi'an is the most important area of developing China's aerospace industry. The advantage of the science and education talents and the abundant space industry resources is the base of aerial scientific and technological industry. The world-renowned Chinese Lunar Exploration Program, many scientific and research institutes in Xi’an took part in.
The Policy of Chinese Government
The Chinese government released 5 trade gateways of the Belt and Road policy, that is, the policy communication, the facility connection, the trade smoothness, capital circulation, and populace affinity, to assure a highly free, open and safe trade environment.
Supporting aviation development. The relevant policies have been made in order to thoroughly implement the "civilian integration" policy, deepen the reform of scientific and technological resources, take the advantage of Defence Science & Technology Industry, promote mutual shift of civilian technologies, and accelerate the demonstration base construction of the national civilian integrated industry.
The government supports the self-innovation of the army-civilian integration enterprises, encourages the R&D investment, technical research, technical innovation, and technical reform, and encourages the enterprises to participate in national science and technology program.
Encouraging the army-civilian integration projects of scientific and technical research, technical innovation and technical reform supported by national, provincial, municipal funds.
Carrying out “One Case One Meeting” for major projects of the large enterprises.
On August 4th, 2017, Xi’an municipal government released the policy “how to promote the development of the export-oriented economy”.
Encouraging foreign trade and providing technical and policy support.
The Chinese government encourages the foreign partners to take part in China’s trade with the purpose to promote the mutual business development. As of the end of 2017, China’s economic growth remained at a high level.
According to the latest China Economic Bulletin released by the World Bank, China’s economic growth will continue to maintain a good momentum under the support of increasing resident income and the external demand recovery. The annual growth of 2017 is 6.8%, higher than initial expectations.
Li Weiqiao, China's chief economist at the World Bank, said that China has maintained its growth resilience and strengthened its momentum of reform.
The Chinese government adopts a series of policies and supervision measures, aiming at reducing macroeconomic imbalances and controlling financial risks without affecting growth significantly.
Hence, China economy made great success in various aspects in 2017. This year, the growth rate of residents' income and consumption has accelerated in comparison with that of investment, boosting the rebalance of the economy.
The new concept of the reform of supply front gives benefits for global trade. Since the end of 2016, the Chinese government has introduced the important measures “de-leveraging”, including tightening monetary policy and a series of regulations to decrease the financial risks. Therefore, in the first eleven months of 2017, the annualized growth in total non-financial sector loans slowed to 14.1% from 15.9% in 2016. Credit expansion in non-bank financial markets slowed more significantly.
China's GDP growth is expected to slow to 6.4% in 2018 and 6.3% in 2019, mainly due to the tightening of domestic policies. Prudent monetary policy, tighter financial regulation and the government's continued economic restructuring and deleveraging are all expected to slow growth temporarily. Favorable economic conditions provide a golden opportunity for further reducing macroeconomic vulnerability and deepening reforms.
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