(Yicai) Nov. 6 -- The Hongqiao International Economic Forum, held during the China International Import Expo, unveiled the first Export-to-China Capacity Development Report, offering targeted suggestions for trading partners seeking access to the country’s supersized market.

The report, released yesterday at the Hongqiao Forum -- a high-level dialogue platform that focuses on global openness, economic governance, and open cooperation among political, business, and academic leaders -- featured two chapters: Sharing the Opportunities of China’s Large Market With the World and Jointly Boosting Capacity for Exports to China.

The Institute of World Economics and Politics of the Chinese Academy of Social Sciences compiled the first chapter, analyzing trading partners’ export conditions to China and outlining concrete measures the country has rolled out to expand imports from all countries. The Division of International Trade and Commodities of the United Nations Conference on Trade and Development prepared the second chapter, selecting 10 of China’s trading partners, examining their respective performance and export potential, and offering suggestions to strengthen their export capacity for the Chinese market.

The report tailors differentiated recommendations for exports to China based on the realities of trading partners, helping countries translate their product strengths into tangible export capacity, said Liao Fan, director of the Institute of World Economics and Politics. Updated editions will be released annually to track changes in Chinese market demand and trading partners’ export capacity, while refining and enriching its analytical framework, Liao said.

“This report represents another important public good provided by China to advance global trade cooperation,” noted Vice Minister of Commerce Yan Dong.

The mix of goods exported to China worldwide is gradually shifting from a past pattern where industrial products held an absolutely dominant position to a structure led by industrial products, supplemented by resource goods and agricultural products, with intermediate goods gaining greater prominence, the report said. Major intermediate goods with high import value include crude oil, iron ore, and processors, controllers, and memories in integrated circuits.

The rising share of intermediate goods reflects China’s evolving role in the global supply chain: from a simple processor reliant on imported capital and manufactured goods to a deep integrator of full supply chains that absorbs global energy resources, intermediate goods, and high-tech inputs, the report added.

Final consumer goods shipped to China feature a diversified product portfolio. Categories posting rapid growth in recent years include food, beauty and personal care items, pharmaceuticals, and electronics. By contrast, textiles and apparel, certain vehicle types, and low-end food products have declined, driven by shifts in the country’s domestic consumption structure and by supply and price differentials between the local and overseas markets.

The report highlighted feed grains and high-quality agricultural products, basic energy resources, critical minerals for the new energy sector, semiconductor and electronic intermediate goods, high-end manufacturing equipment, precision instruments, and healthcare and pharmaceutical consumer goods as promising areas for future exports to China.

China’s vast market generates demand not only for advanced manufactured goods but also for resource commodities and specialty agricultural products, making it an inclusive market for economies at different stages of development, Liao pointed out, adding that the country boasts massive market space and an increasingly open door.

China has remained the world’s second-largest importer for 17 consecutive years, with its goods imports surging 27 percent in eight months ended Aug. 31 from a year earlier, while the full-year figure is expected to top USD3 trillion for the first time, the report said. Its share of received global exports climbed to 9.2 percent last year from 3.2 percent in 2000. Exports to China account for over 59 percent of the total outbound shipments of sampled Belt and Road partner countries.

Editors: Tang Shihua, Martin Kadiev