Sheng Qiuping, Deputy Minister of Commerce: China's economy is deeply integrated into the global economy, and the attractiveness of investing in China continues to increase.

At the sub-forum "Financial Assistance for Global Economic and Trade Development" of the 8th Hongqiao International Economic Forum held on the afternoon of November 5th, Vice Minister of Commerce Sheng Qiuping said that in the first three quarters of 2025, the total retail sales of consumer goods reached 36.59 trillion yuan, with the annual total expected to exceed 50 trillion yuan, imports reaching around 20 trillion yuan, further consolidating China's position as the world's second largest consumer market and import market. Looking at the international market, goods trade grew by 4%, services trade grew by 7.4% in the first eight months, the export market share in the first half of the year increased to 14.2%, the import and export volume with countries participating in the "Belt and Road" Initiative increased to 51.7%, newly established foreign-invested enterprises increased by 16.2%, and investment in China remains attractive. Non-financial foreign direct investment grew by 4.8%, maintaining its position among the top three globally in terms of size. More and more Chinese companies are participating in global layouts and engaging in global production and supply chain cooperation. China's economy and trade are becoming more deeply integrated into the global economy.