Core Viewpoint - Jiangsu province maintains steady growth in its open economy amidst complex global economic conditions, showcasing resilience and contributing significantly to national economic development [1] Group 1: Trade Performance - Jiangsu's import and export scale reached a record high of 2.8 trillion yuan in the first half of the year, representing a year-on-year growth of 5.2% [2] - The province's exports to countries involved in the Belt and Road Initiative accounted for half of its total trade for the first time, with high-end equipment exports increasing by 17.6% [2] - Cross-border e-commerce saw explosive growth, with a 79.2% increase in import and export activities [2] Group 2: Foreign Investment - Jiangsu attracted $11.54 billion in actual foreign investment in the first half of the year, leading the nation, with 38.1% of this investment directed towards the manufacturing sector [3] - Notable increases in foreign investment from developed countries, including Japan, Germany, Luxembourg, and Switzerland, all exceeding 100% [3] - The province has 12 foreign investment projects with over $10 million each, ranking first in the country for significant foreign investment projects [3] Group 3: Policy Support and Employment - Jiangsu implemented a series of policies to stabilize foreign trade and employment, including a 5% increase in employment subsidy funds, totaling 9.14 billion yuan [4] - The province's logistics support for open economy development includes new international passenger and cargo routes, enhancing connectivity [4] Group 4: Systematic Measures and Market Expansion - Various departments in Jiangsu have introduced targeted policies to stabilize foreign trade and investment, including financial support and measures to prevent layoffs [5] - The province organized around 50 events to promote foreign trade products to domestic markets, facilitating over 2,200 foreign trade enterprises [5] Group 5: Legal and Financial Services - Jiangsu established a "one-stop" legal service hub for foreign trade enterprises, enhancing support for businesses venturing abroad [6] - The province's foreign trade bank issued over 49.5 billion yuan in loans to support enterprises in the first half of the year [6] Group 6: Future Outlook and Challenges - Jiangsu aims to address structural challenges in its open economy, such as improving the share of general trade and private enterprises [7] - The province plans to continue its supportive policies and market expansion efforts, including enhancing cross-border e-commerce and international trade facilitation [8][9]

Core Insights - The global trade environment is increasingly complex, presenting risks and challenges for businesses, which necessitates new requirements for the coordinated development of domestic and foreign trade [1][2] - In the first five months of this year, China's total goods trade import and export value reached 17.94 trillion yuan, a year-on-year increase of 2.5%, with private enterprises contributing 10.25 trillion yuan, growing by 7% [1] - Chinese enterprises are actively expanding into international markets while also focusing on the domestic market, aiming for a dual approach of domestic sales and foreign trade [1] Challenges in Integration - Chinese enterprises face significant obstacles in the process of "going global" and integrating domestic and foreign trade, particularly the "two sets of standards" phenomenon, which complicates simultaneous sales in domestic and international markets [2] - There is a notable shortage of channel resources, with traditional foreign trade enterprises lacking experience in domestic sales channels, while domestic trade enterprises are unfamiliar with overseas market regulations [2] - The financial support system is insufficient, with many enterprises experiencing difficulties in financing and a low satisfaction rate for the financing needs of small and micro enterprises [2] Recommendations for Improvement - To overcome these barriers, it is essential to promote deep integration of institutional rules, accelerating the mutual recognition of domestic and international standards to create a transparent and unified business environment [2] - Strengthening infrastructure and capacity building through collaboration between government and enterprises is crucial for establishing efficient logistics systems and digital trade platforms [2] - Innovation in financial services is vital, with financial institutions needing to develop products that cater to the needs of integrated domestic and foreign trade, optimizing cross-border settlement services [2]

Core Viewpoint - The "2025 First Good Life Expo" will be held from June 27 to 29, 2025, in Beijing, transforming from the previous "2025 First Export to Domestic Sales Commodity Expo" to focus on enhancing consumer experiences and promoting the globalization of Chinese brands [2]. Group 1: Event Overview - The expo aims to integrate the entire supply chain, including production, supply, sales, and services, to create a platform that enhances consumer spending and supports the transition of "Chinese manufacturing" to a global brand strategy [2]. - The event is co-hosted by major e-commerce platforms such as Alibaba, JD.com, Pinduoduo, and Douyin E-commerce, leveraging their resources to break industry barriers and gather diverse forces [2]. Group 2: Unique Features - The expo will feature a 15,000 square meter exhibition area designed for experiential consumption, combining daily shopping, digital entertainment, and healthy living [3]. - A direct connection platform will be established for brands to reach consumers, integrating online and offline experiences through social live streaming and collaboration with major e-commerce platforms [3]. - A dedicated procurement area will facilitate B2B interactions, bringing together e-commerce platforms, supermarkets, and brand buyers to enhance transaction effectiveness [3]. - The marketing strategy will focus on content creation, leveraging media and influencers to generate consumer engagement and discussions around new consumption trends [3]. - Collaboration with government departments and industry associations will create a new consumption display platform, maximizing policy and market synergies [3]. Group 3: Strategic Goals - The expo aims to set a benchmark for both industry and consumer upgrades, facilitating the transition from a manufacturing powerhouse to a brand-driven economy [3]. - The four-dimensional empowerment strategy includes products, brands, channels, and services to accelerate high-quality development in the domestic market [3].

中国经济正处于新旧动能的转换期，因此市场上对经济中长期问题的讨论很多，且多数都聚焦在内部。但笔者认为，在探讨"内"的同时，也应该看到"外"。实 际上，外的潜在空间更大，且内、外实际上是一体、互为促进的，如何打好这张"外"的牌可能对我国中长期发展的影响更深远。 改革开放以来，中国经济的高增长得益于"三化"——"工业化、城镇化、国际化"。 建国初期的三十年为工业化奠定了坚实的基础。以此为基础，随着改革开 放的推进，工业化进程迅速加快。一方面，这为农村劳动力向城市转移创造了条件；另一方面，城镇化的推进伴随着居民收入的提高，进一步刺激了商品的生 产。与此同时，快速发展的工业化使中国深度融入全球分工体系，凭借低成本要素与全球产业链紧密融合，不仅提升了全球生产效率，也反过来推动中国工业 的迭代升级和持续发展。经过40多年的快速发展，中国已经成为全球第一大工业制造国和货物贸易国，第二大经济体。中国的工业体系不仅大，而且全——是 全世界唯一拥有联合国产业分类当中全部工业门类的国家。 随着经济从高速增长阶段进入高质量发展阶段，"三化"也在进入新的阶段。 当发展阶段变化时，"三化"也在从旧模式、旧视角转为新局面，而在此过程中则蕴 ...