119th Gezhi Economic Forum

Topic: The New Direction of China's Import Trade Policy Adjustment

Reporter: WEI Hao (Beijing Normal University)

Time: April 17th, 2024 (Wednesday) 14:00-16:00pm.

Voov meeting link: 849-437-004

Organizer: the Department of Economics

Introduction to the reporter:

WEI Hao, Professor and Doctoral Supervisor of the School of Economics and Business Administration of Beijing Normal University, Dean of the Department of International Economics and Trade, Director of the National Import Research Centre, Chief Expert of the Major Projects of the National Social Science Foundation, selected for the National Talent Project, Outstanding Teacher of Baosteel, Famous Teaching Teacher of Beijing Municipality, Member of the National Technical Committee of Professional Standardisation, Deputy Secretary General of the Chinese Association of World Economics, Editor-in-Chief of the "Report on the Development of China's Imports The Report on China's Import Development". His main research fields are international trade and world economy. He has published more than 200 academic papers in CSSCI/SSCI journals, and more than 40 papers have been reprinted in NPC Reprinting Materials and China Social Science Abstracts, etc. His monographs have been selected in National Philosophy and Social Science Achievements Library, and dozens of authored articles have been published in People's Daily, Guangming Daily, and Economic Daily, etc. He has published 5 monographs and textbooks. He has published five monographs and nine textbooks. He has presided over two major projects of the National Social Science Foundation, two surface projects of the National Natural Science Foundation, and dozens of projects commissioned by the Ministry of Commerce, the Ministry of Finance, and the Development and Reform Commission of the People's Republic of China. He has been awarded more than 30 prizes, including the Ministry of Education Award for Outstanding Achievements in Scientific Research in Higher Education (second and third prizes), the Beijing Award for Outstanding Achievements in Philosophy and Social Science (first and second prizes), the Anzijie Award for International Trade Research, and the Ministry of Commerce Award for Achievements in National Business Development Research.

Introduction to the topic

China has steadily ranked as the world's second largest importer for 14 consecutive years, but there are still problems such as low per capital scale of imports, small import dependence, and low share of imports of consumer goods, and there is still much room for optimisation of import trade policies. If China's per capital GDP in 2035 will reach the level of medium developed countries, according to the 2035 China's total GDP is expected to reach 42 trillion U.S. dollars, if China's import dependence is located in about 20%, then, in 2035, China's annual imports are expected to scale may reach 8.4 trillion U.S. dollars or so. Later, China's implementation of the active expansion of imports policy has a large adjustment space, adjusting the structure of imported goods, actively expanding imports of consumer goods, and increasing the proportion of imports of consumer goods is one of the directions of future policy adjustment. In the face of the current complex international economic and political environment, how to do a good job in import trade, to ensure the high-quality development of the domestic economy, and to deal with the international political and economic relations, is a long-term need to pay great attention to the work in the future.