SophiaBlog

Xinhua News Agency, Beijing, March 5, 2025.In the government work report delivered on March 5, Premier Li Qiang outlined the key tasks for the year, emphasizing the expansion of high-level opening-up, stabilizing foreign trade and investment, and promoting high-quality development. Regardless of changes in the external environment, China will remain steadfast in its commitment to opening-up, steadily expand institutional openness, and orderly advance independent and unilateral opening-up to drive reform and development through openness.

Stabilizing Foreign Trade Development
The government will intensify efforts to stabilize foreign trade, supporting enterprises in securing orders and exploring new markets. Financial services such as financing, settlement, and foreign exchange will be optimized, while the scale and coverage of export credit insurance will be expanded. Support for enterprises participating in overseas exhibitions will also be strengthened. Cross-border e-commerce will be promoted, and the cross-border delivery logistics system will be improved, along with the construction of overseas warehouses. The functions of overseas economic and trade cooperation zones will be expanded, intermediate goods trade will be developed, and diversified markets will be explored. Efforts will be made to support the integrated development of domestic and foreign trade, accelerate the resolution of issues related to standard certification and market access, and promote innovation in service trade. Traditional competitive services will be enhanced, service exports will be encouraged, and high-quality service imports will be expanded. New growth areas such as green trade and digital trade will be cultivated, and eligible regions will be supported in developing new forms of offshore trade. Major exhibitions such as the China International Import Expo, Canton Fair, Service Trade Fair, Digital Trade Expo, and Consumer Expo will be held to a high standard. Smart customs initiatives and cooperation will be advanced to improve customs clearance efficiency.

Encouraging Foreign Investment
The government will promote comprehensive pilot demonstrations for the opening-up of the service sector, advance orderly opening in areas such as the internet and culture, and expand pilot openings in telecommunications, healthcare, and education. Foreign investors will be encouraged to increase reinvestment and participate in upstream and downstream industrial chain collaborations. Foreign-funded enterprises will be guaranteed national treatment in areas such as resource access, licensing, standard-setting, and government procurement. Service guarantees for foreign enterprises will be strengthened, and landmark projects will be expedited to continuously build the “Invest in China” brand. Free trade pilot zones will be enhanced, and reform mandates will be expanded. Core policies for the Hainan Free Trade Port will be accelerated, and open development policies for economic development zones will be improved. Comprehensive bonded zones will be upgraded and transformed. A market-oriented, law-based, and internationalized first-class business environment will be fostered to enable better development of foreign enterprises.

Promoting High-Quality Development of the Belt and Road Initiative (BRI)
The government will coordinate the advancement of major landmark projects and “small yet impactful” livelihood projects under the BRI, achieving a series of exemplary cooperation outcomes. The stable and smooth operation of the China-Europe Railway Express will be ensured, and the construction of the New Western Land-Sea Corridor will be accelerated. Outbound investment will be guided to develop in a healthy, safe, and orderly manner, with comprehensive overseas services in law, finance, and logistics strengthened to optimize the international layout of industrial and supply chains.

Deepening Multilateral and Regional Economic Cooperation
China will continue to expand its global network of high-standard free trade zones, push for the signing of the upgraded China-ASEAN Free Trade Agreement 3.0, and actively advance the process of joining the Digital Economy Partnership Agreement (DEPA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The country will firmly uphold the multilateral trading system with the World Trade Organization at its core, expand areas of shared interests with other nations, and promote common development.

Under the new policy framework of high-level opening-up and the promotion of high-quality development of the Belt and Road Initiative (BRI), Guangzhou’s open ports have become a gateway for significant opportunities in garment import and export trade. As one of China’s most important trade hubs, Guangzhou boasts advanced port infrastructure, efficient customs clearance systems, and a well-developed logistics network, making it an ideal location for international garment trade.

The Liuhua Market, located near Guangzhou Railway Station, stands out as a key player in this dynamic environment. Known as the heart of China’s garment wholesale industry, the market has long been a global hub for sourcing high-quality clothing, including abayas and other traditional garments. With over 40 specialized clothing markets, such as the Red Cotton International Fashion City and Jindu Garment Wholesale City, Liuhua Market offers a diverse range of products at competitive prices, attracting buyers from the Middle East, Southeast Asia, Africa, and beyond.

The new policies, including enhanced financial services, streamlined customs procedures, and support for cross-border e-commerce, further amplify the market’s advantages. For instance, the expansion of export credit insurance and the construction of overseas warehouses enable Liuhua Market businesses to reduce risks and improve delivery efficiency. Additionally, the integration of domestic and foreign trade policies helps resolve issues related to standard certification and market access, making it easier for international buyers to source garments from the market.

As Guangzhou continues to leverage its strategic location and policy support, the Liuhua Market is poised to become an even more critical node in the global garment trade network. By embracing these opportunities, businesses in the market can expand their reach, enhance their competitiveness, and contribute to the high-quality development of Guangzhou’s import and export trade.

Keywords: Guangzhou open ports, garment import and export trade, Liuhua Market opportunities, abaya wholesale Guangzhou.