China Ministry of Commerce“台”BRICS countries jointly build an industrial value chain
(Source: "China Industry News"2013-12-18 Reporter: Si Jiannan)
“China is paying more and more attention to the advantages of other countries in its import w88 with other BRICS countries, and the amount of imported high value-added products is on the rise. In terms of foreign w88 policy, my country encourages BRICS companies to invest in China and complete the creation of value chains.”
Sponsored by the Ministry of Commerce and China Chamber of Commerce for Import and Export of Machinery and Electronic Products12month5The first session hosted on Japan“China—BRIC high value-added products w88 seminar”Up,Professor Lan Qingxin, Assistant to the Dean of the Institute of International Economics, w88 casinoexpressed that it is necessary to build a manufacturing value chain between China and other BRICS countries to realize intra-industry w88. In the mechanical and electrical industry, intra-industry w88 of high-tech products needs to form a value chain with a clear division of labor, and drive the growth of w88 on the basis of the value chain.
Jiang Wei, Commercial Counselor of the Foreign w88 Department of the Ministry of Commerce, revealed at the meeting that the Ministry of Commerce is actively studying and improving relevant policies for cross-border e-commerce imports and promoting the healthy development of cross-border e-commerce imports, which will enable e-commerce platforms to play a greater role in expanding the import of products from BRICS countries.
Bilateral w88 among BRICS countries is getting closer
Regarding the bilateral w88 relations between China and BRICS countries, Jiang Weiyong“Increasingly closer”To explain. He said that Brazil, Russia, India, South Africa and China, as representatives of emerging economies, have increased their influence in global w88 in recent years.2003~2012In the past ten years, the w88 volume of BRICS countries accounted for the proportion of total world w88 from8.5%rising to17.6%. In particular, China and the BRICS countries have established close w88 relations in the past decade.
Statistical data shows that w88 between China and BRICS countries is developing rapidly and they rely on each other,2003~2012In the past ten years, the total w88 volume between China and the BRICS countries has increased from352billion US dollars increased to3002$100 million, increased7.5times. average annual growth26.9%, higher than the overall growth rate of China’s foreign w88 in the same period9Percentage points.
Among them, China imports from BRICS countries216billion US dollars increased to1598$100 million, increased6.4times, average annual growth25%, higher than the overall growth rate of China’s import w88 in the same period7Percentage points. At the same time, according to statistics from the BRICS countries,2003~2012During the years, BRICS countries imported from China112billion US dollars increased to1523$100 million, increased12.6times, average annual growth33.7%. Currently, China is the largest trading partner of Brazil, Russia, and South Africa, and the second largest trading partner of India. Brazil, Russia, India, and South Africa are also important trading partners of China.
China’s imported product structure continues to enrich
Moreover, the structure of China’s imported products from BRICS countries continues to enrich. As the product level and product competitiveness of BRICS countries improve, exports of high value-added products to China have continued to expand in recent years. For products such as machinery and equipment, automobiles, and electronic products, exports to China are growing rapidly. At the same time, exports of specialty products from BRICS countries to China are also steadily increasing.
As the world’s largest manufacturing country, China mainly imports raw materials and high-end parts. China-India imports mainly include iron ore, non-ferrous metal ore (chrome ore), textile raw materials (cotton), chemical raw materials and non-metallic mineral products. Imports from Russia mainly include oil, natural gas, wood, base metals and chemical raw materials. Brazil mainly imports iron ore, soybeans, timber, tobacco and base metals. In the import w88 with South Africa, special trading products, mineral products, pearls and gems, base metals, wood pulp and other products account for almost all trading activities.
dataLan QingxinIntroduction, Russia’s basic science advantages, India’s software technology advantages, Brazil’s clean technology and modern agriculture advantages, China’s manufacturing, processing and financial advantages, and South Africa’s mineral mining technology advantages are increasingly prominent. At present, China's imports of mechanical and electrical products are increasing.
At the meeting, representatives of the BRICS countries made key recommendations on their countries’ advantageous industries and products. Industry experts said that through exchanges, we have seen Brazil’s manufacturing advantages in regional aircraft and other aspects. In the future, China will adopt a variety of scientific and technological cooperation models to strengthen w88 with other BRICS countries in high value-added products.
Jiang Wei said,“The Chinese market has huge development potential. In the next five years, China will import approximately10Trillion-dollar products, which will provide good opportunities for more products from BRICS countries to enter the Chinese market.”
BRICS countries are highly complementary in w88
Due to the obvious differences in the resource endowment conditions of the BRICS countries, it determines the difference in their comparative advantages, which leads to differences in export structures. This differential export structure not only couples the complementary w88 structure of the BRICS countries, but also makes the BRICS countries that implement export-oriented growth less competitive in the external market.
Although as the industrialization process advances, the convergence of China's manufacturing structures with India, Brazil, Russia and South Africa will become increasingly prominent. But at the same time, the industrialization processes among BRICS countries vary greatly. Expert analysis believes that China is in the late stage of its heavy and chemical industry, and its economic structure is positioned for the development of high-tech and emerging industries. While Brazil and Russia are working hard to transform their economic structures from producing resource-based commodities to high value-added manufactured goods, India and South Africa need to focus on the development of basic industries. This industrialization process with obvious differences has laid a solid foundation for the realization of industrialization among BRICS countries“flying geese”The layout and differentiated development provide huge space for coordination.
It can be considered that,“Promoting structural transformation through industrial technological innovation has become a common choice for BRICS countries, which has opened up space for common development for scientific and technological cooperation among BRICS countries.”Lan QingxinJudgment.
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