Stabilize foreign trade “ The Sixteen National Measures ” It was proposed to encourage enterprises to invest overseas through greenfield investments, corporate mergers and acquisitions, and other means, thereby facilitating the relocation of certain industries abroad.

　　Stabilize foreign trade “ The Sixteen National Measures ” It was proposed to encourage enterprises to invest overseas through greenfield investments and corporate mergers and acquisitions, thereby facilitating the relocation of certain industries abroad. Li Jianfeng pointed out that the industries most suitable for relocation abroad are still those in which domestic overcapacity is particularly severe—such as the steel and nonferrous metals industries.

　　Analysts point out that industries capable of being transferred overseas are primarily those with severe overcapacity in China, such as steel and nonferrous metals.

　　Recently, the General Office of the State Council released the "Several Opinions of the General Office of the State Council on Supporting Stable Growth in Foreign Trade." ( Hereinafter referred to as the “Opinions” ) The “Opinions” consist of a total of 16 This is the second document issued at the State Council level in the past two years aimed at stabilizing foreign trade. “ The Sixteen National Measures ”。

　　Stabilize foreign trade “ The Sixteen National Measures ” It was proposed to encourage enterprises to invest overseas through greenfield investments and corporate mergers and acquisitions, thereby facilitating the relocation of certain industries abroad. In this regard, Li Jianfeng, Chief Strategy Analyst at Caida Securities, pointed out in an interview with reporters yesterday that, against the backdrop of slowing economic growth, stabilizing foreign trade can be a key strategy. “ The Sixteen National Measures ” This should be seen as part of measures to ensure steady growth. After all, judging from the situation over the first four months, foreign trade growth has faced considerable challenges. To achieve the annual targets, continued policy encouragement and support are still needed. Moreover, and even more importantly, encouraging enterprises to pursue overseas mergers and acquisitions, investments, and industrial relocation can be viewed within the broader context of RMB internationalization. Such efforts can accelerate the RMB’s internationalization process, enhance the overseas competitiveness of domestic enterprises, and reduce friction in overseas investments through greenfield investments.

　　A research report by Dongguan Securities points out that, unlike previous periods when foreign trade was driven by collecting foreign exchange through physical exports, the proposal put forward this time... “ Go out. ” The strategy involves promoting the international transfer of industries through overseas investment. Huang Zhilong, an associate researcher at the China Center for International Economic Exchange, pointed out that the industries most suitable for overseas investment and transfer fall into several main categories: First, industries whose domestic production costs continue to rise and whose international competitiveness is declining—such as textiles and apparel—which have already begun shifting overseas in recent years. Second, industries suffering from overcapacity domestically—such as steel and nonferrous metals. Third, high-tech and advanced manufacturing industries that possess strong international competitiveness and can significantly drive the development of domestic industrial chains—for example, high-speed railways, offshore engineering, and construction projects. By investing in and transferring these industries, we can not only absorb domestic excess capacity but also boost exports from other domestic sectors along the industrial chain. Moreover, this approach will, in the long run, help strengthen the internationalization of the RMB.

　　Li Jianfeng pointed out that industries suitable for relocation overseas are mainly those in sectors where domestic overcapacity is particularly severe, such as steel and nonferrous metals. The benefits of such relocation fall into three main categories: First, China relies heavily on imports for raw materials used in heavy industry; by relocating steel and nonferrous metal industries to regions rich in these raw materials, we can significantly reduce transportation costs. Second, heavy industries place considerable pressure on the environment due to pollution and emissions; relocating them abroad can help alleviate domestic energy consumption pressures. Third, heavy industry is capital-intensive; relocating it overseas will not put undue pressure on domestic employment.