1.
News & Updates
- China’s Trade Related Developments
XU Jun (Bank of China)
Jakarta, Indonesia
April 5, 2017

2.
Trade Promotion & Facilitation
E-commerce/
Fintech
Customs
Declaration Financial Services
& Credit Support
RMB
Internationalization
&
B & R Initiatives
Trade & trade
finance related
regulations & laws
Multilateral / Bilateral FTAs
& FTZs
Highlights
PRC President Xi Jinping: “ Many of the problems troubling the world are
not caused by economic globalization….Pursuing protectionism is like
locking oneself in a dark room. …No one will emerge as a winner in a trade
war.” (2017 Davos WEF annual meeting)

3.
ICC China’s Efforts
 Experts
recommendation
 Organizing
feedback about
ICC’s opinions
and rules
 Dialogues with
regulatory
bodies
 Consultation
 Expert’s Opinions
 Rules translation & promotion
 Training & Industry seminars
 Information sharing and risk management
Rules
Making
Advocacy
Work
Dispute
Resolution

4.
RMB Internationalization
Development
 Premier Li Keqiang : “We shall also push forward
the gradual internationalization of RMB, make the
financial industry more open…(8th Annual
Conference of “2014 Summer Davos Forum)
 SWIFT(RMB tracker)：Over 1,900 financial
institutions using the Renminbi (RMB) for payments
 2016 BOC RMB Internationalization White Paper:
Optimistic about RMB internationalization in the
long term
2009
0
2
4
6
8
2010 2011 2012 2013 2014 2015 2016
2010-2016 Cross-border RMB
Volume
Trade Volume
Direct Investment
Volume

5.
The Belt and Road (B & R)
Initiatives
 Regional economic cooperation platform: aimed at building a trade and infrastructure
network connecting Asia with Europe and Africa along ancient trade routes.
 Cooperation Priorities: promotion of policy coordination, facilities
connectivity, unimpeded trade, financial integration and people-to-people bonds
 President Xi Jinping: “The Belt and Road can be seen as an opportunity to promote
transnational interconnection, improve trade and investment cooperation, advance
cooperation in international capacity and equipment manufacturing to rebalance and
stabilize the world economy.” (2016, Belt and Road Initiative Beijing Symposium)
Continuing Increase of China’s Direct Investment
in B & R countries
China B & R Overseas Contracted
amount: Proportion
China B&R Overseas
Contracted Project:
amount

6.
Thank You!