Ministry of Commerce: There is great potential for the growth of exporting products to domestic sales, which will help drive consumption upgrading

On the 30th, Li Danghui, Deputy Director of the Consumer Promotion Department of the Ministry of Commerce, said that the conversion of high-quality export products to domestic sales will further enrich the domestic market supply, accurately match demand, and drive consumption upgrading.

At the online special press conference held by the Ministry of Commerce on the same day, Li Danghui said that the conversion of high-quality export products to domestic sales is not a substitute relationship for the domestic market. More high-quality export products to domestic sales will further enrich the domestic market supply and drive consumption upgrading. At the same time, the universal international rules that have long been formed in the international market can also help improve the domestic business environment, fully unleash the advantages of China's super large market size and domestic demand potential, and promote the mutual promotion of domestic and international dual circulation.

At the press conference, Yang Guoliang, Deputy Director of the Foreign Trade Department of the Ministry of Commerce, pointed out that there is significant growth potential for exporting products to be sold domestically. The domestic market demand is accelerating, providing a domestic market for export industries such as light industry, textile and clothing, and agricultural products. Various regions are promoting the construction of new infrastructure, new urbanization, and major projects, bringing new opportunities for export industries such as mechanical equipment, electrical machinery, and precision instruments. The rapid development of new consumption models such as online sales and live streaming sales has also opened up sales channels for foreign trade enterprises to directly face consumer groups.

Yang Guoliang stated that in the next step, the Ministry of Commerce will integrate domestic and foreign trade resources, accurately match domestic consumer demand, rely on various online shopping festivals, set up foreign trade product zones, and carry out online to domestic sales activities. At the same time, make full use of platforms such as the Canton Fair and the China Processing Trade Products Expo to help foreign trade enterprises expand their domestic sales channels.