2016年CRI China Transforms from 'World Factory' to 'World Market'

 

Last month, the world's leading toy and baby products retailer¹ Toys"R"Us opened its 100th store in China after first entering the market a decade ago.

Toys"R"Us's CEO Dave Brandon says the company is planning to open more stores in China this year.

"Our plan directly for China is we will continue to roll out somewhere between 30 and 40 stores a year. This is our intended goal, but it's not our entire mission. We wanna be in the right place at the right time. So this is very important for us and we wanna make sure that each store brings that special character and that unique experience of Toys R Us for families and for children."

Brandon is among many foreign business people trying to venture further into China's service market.

Data released by the Ministry² of Commerce shows foreign direct investment into the Chinese mainland rose 6.4 percent year on year to some 126 billion U.S. dollars last year.

Foreign investment in the service industry rose about 17 percent, accounting³ for some 61 percent of the total flow for the period.

Xing Houyuan, deputy director of the Chinese Academy of International Trade and Economic Cooperation of Ministry of Commerce, says growing FDI in the service sector⁴ shows the Chinese market's international status is rising.

"In the past, foreign investments were more focused on manufacturing and exports. Investors⁵ made use of China's cheap labor⁶ and low-cost production factors. Now China is undergoing economic transition. We are developing high-end manufacturing and the service industry. Domestic consumption is now a major driving force for the economy. So now foreign investors come to China to directly reach to the consumers and provide services to them."

At the same time, exports of China's high-end manufacturing products are increasing.

An industry report shows that China is leading the way in exports of high-tech⁷ products in Asia with its share rising from 9.4 percent in 2000 to 43.7 percent in 2014.

Zhang Jianping, senior researcher with the National Development and Reform Commission, says exporting high-end manufacturing products will make China more competitive in the global market.

"In terms of large equipment, China has three strong exports – high-speed rail, nuclear power and UHV transmission and distribution equipment. Our telecommunication⁸ equipment and automobiles⁹ are also very competitive. In the future, we should improve manufacturing in high-tech, aviation, IT and bio-pharmaceutical. "

The establishment of free trade zones and better levels of opening up have also helped China become an important 'world market'.

Currently, China has signed and implemented¹⁰ 14 free trade agreements involving 22 countries and regions.

For CRI, this is Luo Wen.

1 retailer   

n.零售商(人)

参考例句：

• What are the retailer requirements?零售商会有哪些要求呢？
• The retailer has assembled a team in Shanghai to examine the question.这家零售商在上海组建了一支团队研究这个问题。

2 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

3 accounting   

n.会计，会计学，借贷对照表

参考例句：

• A job fell vacant in the accounting department.财会部出现了一个空缺。
• There's an accounting error in this entry.这笔账目里有差错。

4 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

5 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

6 labor   

n.劳动，努力，工作，劳工；分娩；vi.劳动，努力，苦干；vt.详细分析；麻烦

参考例句：

• We are never late in satisfying him for his labor.我们从不延误付给他劳动报酬。
• He was completely spent after two weeks of hard labor.艰苦劳动两周后，他已经疲惫不堪了。

7 high-tech   

adj.高科技的

参考例句：

• The economy is in the upswing which makes high-tech services in more demand too.经济在蓬勃发展，这就使对高科技服务的需求量也在加大。
• The quest of a cure for disease with high-tech has never ceased. 人们希望运用高科技治疗疾病的追求从未停止过。

8 telecommunication   

n.电信，远距离通信

参考例句：

• Telecommunication is an industry of service.电信业是一个服务型的行业。
• I only care about the telecommunication quality and the charge.我只关心通信质量和资费两个方面。

9 automobiles   

n.汽车( automobile的名词复数 )

参考例句：

• When automobiles become popular,the use of the horse and buggy passed away. 汽车普及后，就不再使用马和马车了。 来自《简明英汉词典》
• Automobiles speed in an endless stream along the boulevard. 宽阔的林荫道上，汽车川流不息。 来自《现代汉英综合大词典》

10 implemented   

v.实现( implement的过去式和过去分词 )；执行；贯彻；使生效

参考例句：

• This agreement, if not implemented, is a mere scrap of paper. 这个协定如不执行只不过是一纸空文。 来自《现代汉英综合大词典》
• The economy is in danger of collapse unless far-reaching reforms are implemented. 如果不实施影响深远的改革，经济就面临崩溃的危险。 来自辞典例句