外汇局局长重磅发声

Core Viewpoint - The resilience of global economic and trade activities has been highlighted despite challenges such as the pandemic, geopolitical tensions, and rising protectionism, with global trade expected to exceed $33 trillion in 2023, a historical high [1] Group 1: China's Contributions to Global Economic Resilience - China plays a crucial role in maintaining the stability of global industrial and supply chains by providing high-quality manufacturing and stable supply [1] - The country actively shares opportunities from its vast market, enhancing stability on the supply side and offering a broad market on the consumption side [2] - China is focused on developing new growth points in emerging fields, advancing digital economy, artificial intelligence, and renewable energy through international cooperation [2] - The nation participates in global governance and promotes multilateral cooperation, advocating for an inclusive economic globalization and supporting developing countries in integrating into the global trade system [2] Group 2: Developments in Foreign Exchange Management - The foreign exchange market in China has seen a 37% increase in trading volume and a 64% increase in foreign-related income and expenditure scale compared to 2020 [2] - In the first three quarters of this year, China's foreign-related income and expenditure reached $11.6 trillion, marking a historical high for the same period [2] - The government plans to implement a more convenient, open, secure, and intelligent foreign exchange management system, focusing on enhancing the foreign exchange policy framework and promoting trade and investment facilitation [3] Group 3: Future Directions in Foreign Exchange Policy - The introduction of new policies aimed at expanding cross-border trade and optimizing foreign exchange fund settlement for new trade entities is on the agenda [3] - There will be a push for high-level institutional opening in the foreign exchange sector, including reforms in direct investment and cross-border financing [3] - The enhancement of foreign exchange regulatory capabilities and risk prevention measures will be prioritized, utilizing technologies like artificial intelligence and big data for better monitoring and compliance [3]