Preview of the 1st Guangdong - Hong Kong - Macao Greater Bay Area Development Business Conference and Analysis of Global Economic and Trade Frictions in the First Half of 2023

It is expected that more than 1,000 people from the domestic and foreign political, business, and academic circles will participate, focusing on hot topics of concern to Chinese and foreign business communities such as the digital economy, green finance, cultural tourism and exhibitions, and connectivity. In addition, the Macao Initiative for Further Promoting International Business Cooperation in the Construction of the Guangdong - Hong Kong - Macao Greater Bay Area will be released at the conference. It is hoped that through this important initiative, business cooperation and exchanges within and outside the region will be strengthened.

This conference is not only an important milestone for all parties in the Guangdong - Hong Kong - Macao Greater Bay Area to jointly promote regional economic development, but also an important platform to strengthen domestic and foreign business cooperation and broaden the economic development space against the backdrop of the current complex and changing global economy.

In the first half of 2023, although the global economic and trade friction index was generally lower than the same period last year, it still remained at a relatively high level. Especially in industries such as electronics, machinery and equipment, and light industry, the economic and trade friction index was almost at a high level throughout the process. This indicates that these industries have become the main conflict areas of global economic and trade frictions.

From the perspective of countries (regions), India, the United States, and the European Union are the main initiators of global economic and trade frictions. In terms of China - related economic and trade frictions, the United States, the European Union, India, Brazil, and Turkey have become the main participants. It is worth noting that the data performance of India and Japan is particularly prominent, showing the complexity and diversity of global economic and trade frictions.

In terms of measures,

The use of tariffs and trade remedy measures has increased significantly. Especially in terms of China - related trade remedy measures, India, the United States, and Canada have become the main initiators. This phenomenon reflects that global trade frictions are gradually shifting from general trade restrictions to more targeted and purposeful measures.import and exportIn order to attract more foreign investment, the Chinese government recently issued the Opinions on Further Optimizing the Foreign Investment Environment and Increasing the Efforts to Attract Foreign Investment. This policy aims to create a first - class business environment that is more market - oriented, law - based, and internationalized.

The China Council for the Promotion of International Trade is also actively responding to this policy. Through measures such as forming a work team to serve foreign - invested enterprises and establishing a direct line for foreign - invested enterprises demands, it is attracting and utilizing foreign investment with greater efforts and more effectively. In addition to policy promotion and in - depth research, the CCPIT also plans to hold various economic and trade activities, such as the China International Supply Chain Expo and the Guangdong - Hong Kong - Macao Greater Bay Area Development Business Conference, to further attract foreign investment.

At the same time, the CCPIT will strengthen its regular contact with foreign - invested enterprises in China. Through regularly holding symposiums, conducting annual and quarterly research on the business environment, and coordinating with relevant functional departments of the State Council, it will solve various problems and challenges that foreign - invested enterprises may encounter in the process of their development in China.

At the same time, the China Council for the Promotion of International Trade will also strengthen its regular contacts with foreign businesses in China. Through regularly holding symposiums, conducting annual and quarterly research on the business environment, and coordinating with relevant functional departments of the State Council, it aims to address various problems and challenges that foreign - invested enterprises may encounter during their development in China.

This series of measures will not only help attract more foreign investment, but also provide strong support for the sustained and healthy development of the Chinese economy.