New economic system of inviting in and going out

The slowdown of the Chinese economy poses a higher requirement for China to make better use of external production factors. The Chinese mainland is constructing a new type of open economic system featuring inviting in and going out.

The Chinese mainland was the world's largest trader in 2013. The year-on-year increase in the first 10 months of 2014 was 3.4 percent. Although the growth was much lower than previous years, the nation remains one of the fastest-growing traders in the world. While many other major traders have been implementing trade protectionism, the Chinese government still adheres to free trade, taking some pro-import measures. The country will attract more innovative, high added-value and good brand industries.

By November last year, the foreign capital used by the Chinese mainland had increased by 0.7 percent, compared with the 32 percent dip in the European Union in the first half of the year, and a 50 percent fall in Russia and 2 percent decrease in Brazil. About 55 percent of foreign capital used by the Chinese mainland went to the service sector. And foreign enterprises' profit conditions were better than the average level of domestic enterprises.