What Are the Differences Between Domestic and International Trade?

International trade is the abbreviation of International Trade, which refers to the exchange of goods and services between different countries (and / or regions).

International trade

The source is "The Book of Merchants, Kasai", "The two names are easy to trade, it is necessary to notice", meaning
Shanghai is gradually becoming an international trade center
The two are similar in appearance, but in reality they are changed for the better, it is impossible to notice. It is clear from Shang Ye's words that he did not like Shang Jia, but such a word of criticism of businessmen was later abbreviated to "trade" and lost its original derogatory meaning and became a neutral word. So why was it derogatory?
Earlier Confucius said in The Analects of Confucianism that "there is no return to it, it's timeless. The gift is not ordered, but the goods are reincarnation, and the price is often repeated." It can be seen that as the time advances, the earlier the country, the less China likes businessmen. . The origin of the "merchant" is obviously from Yin Shang. Perhaps because the Spring and Autumn and Warring States belonged to the Zhou Dynasty, they naturally did not like the actions of the overthrown dynasty, just like the Jews did not have the favor of other European mainstream nations, although The Bible is the book of the Jews.
Jews have learned Jewish customs, languages, and business since childhood. In the Bible and Genesis, Jacob's son Joseph hoarded grain in Egypt for 7 consecutive years, and sold the stocked grass for 7 consecutive bad years, which led to Egypt becoming a slave nation. The story happened around 1650 BC. At that time, China was in the middle and early stages of the Shang Dynasty. It can be found that merchants are closely related to the establishment of slavery. The owner is naturally the debtor, like the United States, which has the most national debt and foreign debt today, and the slave is the debtor, like Japan and China.
Production conditions
International trade has arisen and developed under certain historical conditions. Two basic conditions for forming international trade are:
(1) the development of social productive forces;
(2) The formation of the state.
The development of social productive forces produces surplus goods for exchange. These surplus goods are exchanged between countries, and international trade is created.
cause
1. The improvement of productivity and the division of labor have led to a great increase in production efficiency, and there is a surplus of exports after meeting their own countries;
2. The continuous advancement of science and technology, including transportation, refrigeration technology, heavy freighters, etc., provides the necessary conditions for long-distance trade;
3. The two world wars broke the original colonial system, established the United Nations and WTO, and created conditions for free competition among countries;
4. The continuous progress of human thought, including economics and human rights.
development of
1. In the form of international trade during the Industrial Revolution, direct export of goods was the main type, and direct foreign investment became mainstream after World War II;
2. In terms of content, international trade during the Industrial Revolution has occasional, simple, and one-sided export of labor services or commodities. Most of the commodities involved in trade are industrial finished products and primary raw materials. After World War II, international trade was diversified in form and rich in goods, covering three major industries;
3. Organizationally, during the Industrial Revolution, there was a lack of an international trade organization. Most of the exports were amateurs, and there were few companies specializing in trade conversion. After the Second World War, the WTO and other countries were established to coordinate trade between countries and formulate trade principles, and multinational companies basically monopolized international trade with a very fine division of labor;
4. In terms of scope, during the Industrial Revolution, international trade was often limited to colonies, sovereign states, and capitalist countries, and involved a narrow range (referring to the people). After the Second World War, the whole world was affected, and no country was outside international trade;
5. In terms of ideology, mercantilism prevailed during the Industrial Revolution, with capitalist countries occupying colonies; after World War II, although trade between the two camps of the Cold War once appeared to be mutually exclusive, free trade was basically realized.
main feature
International trade in goods belongs to the scope of commodity exchange, and is not different in nature from domestic trade, but because it is conducted between different countries or regions, it has the following characteristics compared to domestic trade:
1. International trade in goods involves differences and conflicts that may exist in different countries or regions in terms of policy measures, legal systems, and differences caused by language, culture, and social customs. The issues involved are far more complicated than domestic trade.
2. The transaction volume and amount of international goods trade are generally large, the transportation distance is long, and the performance time is long, so the risks borne by both parties of the transaction are much greater than domestic trade.
3. International trade in goods is susceptible to political, economic changes, bilateral relations, and changes in the international situation in the countries where the parties to the transaction are located.
4. In addition to the two parties to the international trade in goods, the cooperation and cooperation of transportation, insurance, banking, commodity inspection, and customs departments need to be involved. The process is much more complicated than domestic trade.
Domestic trade
International trade is more complicated than domestic trade.
I. Commonness of International Trade and Domestic Trade
1. Same status in social reproduction;
International Trade Books
2. Have a common commodity movement mode;
3. The basic functions are the same, and they are all affected and restricted by the laws of commodity economy.
Differences between international and domestic trade
1. The economic policies of different countries are different;
2.Languages, laws and customs are different;
3. Currency, weights and measures, customs system, etc. are different between countries;
4. The commercial risks of international trade are greater than domestic trade.
kind
I. International trade can be divided into
1. Import Trade: Import foreign goods or services into the domestic market for sale.
2. Export Trade: Exporting domestic goods or services to foreign markets for sale.
3. Transit Trade: The goods of country A are transported to the market of country B through the territory of country C for sale to country C.
In terms of transit trade. Due to the hindering effect of transit trade on international trade, WTO member countries do not engage in transit trade with each other.
2. International trade can be divided into
1. Visible Trade: Import and export of goods in physical form. For example, machinery, equipment, furniture, etc. are all goods in physical form. The import and export of these goods is called tangible trade.
2. Invisible Trade: Import and export of technology and services without physical form. The transfer of patent use rights, tourism, and the provision of services across financial and insurance companies across the board are all goods without physical form. Their import and export are called invisible trade.
Third, according to the relationship between producer and consumer countries in trade, international trade can be divided into
1. Direct trade: refers to the behavior of commodity producing countries and commodity consuming countries not to buy or sell goods through third countries. The exporting country is called direct export, and the importing country is called direct import.
2. Indirect Trade and Transit Trade: Refers to the behavior of a commodity producing country and a consumer country of a commodity through a third country. The producer country in indirect trade is called an indirect export country, and the consumer country is called indirect The importing country, and the third country is a re-exporter, and the third country is engaged in re-export trade.
Common notes
Payment of goods often occurs in international trade to settle the debt and debt relationship between purchases and sales. This settlement is called international trade settlement. International trade settlement is a tangible trade settlement based on goods transactions and goods and money.
Bill type
The bills used in international trade include bills of exchange, cashier's checks, and checks. A money order is a written, unconditional payment order issued by one person to another, requiring the other party (the person receiving the order) to pay a certain amount to someone or a nominated person or the person who holds the bill, either on time or periodically or at a determinable future time. Money orders can be divided into the following types:
According to the issuer- bank draft, commercial draft.
A banker's draft is a banker's draft where the drawer and payer are both banks.
A commercial draft is a draft where the drawer is a corporate legal person, company, firm, or individual and the payer is another firm, individual, or bank.
According to the existence of ancillary documents- light draft, documentary draft
Clean bills / drafts do not come with shipping documents, and bank drafts are mostly clear bills.
Documentary bill (documentary bill), also known as credit bill, bill of exchange, is a bill of exchange that needs to be accompanied by bills of lading, warehouse receipts, insurance policies, packing slips, commercial invoices, etc. Commercial bills are mostly documentary bills. It is often used in international trade.
By payment time- spot draft, forward draft
Spot bill (sight bill, demand bill) refers to the immediate payment of the other party after the bearer prompts the payer, also known as sight draft.
A time bill (us bill) is a payment made after a certain period of time or on a specific date. In forward bills, a certain date is recorded as the due date. Payments made on the due date are regular bills of exchange, and payments made within a certain period of time after the date of issuance are term bills. , Is a draft of draft; if the face value is divided into several, and the maturity date is designated separately, it is a draft of draft.
By acceptor- commercial acceptance bill, bank acceptance bill
A commercial acceptance bill is a forward bill drawn on any firm or individual outside the bank as the acceptor.
Banker's acceptance bill is the bank's forward bill.
By circulation area- domestic money order, international money order.
This promissory note is issued by one person to another, and is guaranteed to be paid to the holder unconditionally by a certain amount at sight or at a predictable future time. Cashier orders can be divided into commercial cashier orders and bankers' cashier orders. Commercial promissory notes are promissory notes issued by industrial and commercial enterprises or individuals, also known as general promissory notes. Commercial cashier's orders can be divided into spot and forward commercial cashiers generally do not have the conditions for rediscounting, especially for commercial cashier's orders issued by SMEs or individuals, because credit guarantees are not high and therefore difficult to circulate. Cashier's checks are all at sight. Most of the cashier's checks used in international trade settlement are bankers' cashier's checks.
A check is a sight draft drawn by a bank as the payer. Specifically, it is a bill issued by the issuer (bank depositor) to the bank (recipient), which requires the bank to pay immediately when the ticket is seen. When the drawer issues a check, a deposit shall be made at the paying bank that does not offset the face value. If the deposit is insufficient, the holder will be refused payment. Such a check is called a short check. The bearer of a short check is legally responsible.
Check classification
Registered cheque: It is the drawer that states "pay to someone" and "pay to someone or their designee" in the payee column. When such a check is transferred, it must be endorsed by the holder, and the withdrawal must be signed by the payee on the back. Bearer cheque: Also known as a blank check, the header column states "Pay to the caller". This kind of check can be transferred without endorsement, and there is no need to sign on the back when withdrawing money.
Crossed cheques: draw two parallel horizontal lines on the face of a cheque. The holder of such cheques cannot withdraw cash and can only entrust the bank to collect the money into the account.
Guaranteed cheque: In order to prevent the drawer from writing a short check, the payee or holder can ask the paying bank to stamp a "guaranteed" stamp on the cheque to ensure that the bank payment will be obtained.
Cheques for transfers: The invoicer or holder bears "Transfer Payment" on a regular cheque to restrict the payment bank from paying.
International trade process
1. Customer inquiry.
2. Quotation negotiation.
3 Execution of orders.
4 Release Production Notice
5. Inspection
6. Preparation of basic documents: production of export contracts, export commercial invoices, packing lists and other documents.
7. Apply for commodity inspection
(The following is the shipping process)
8. Chartering:
9. Arrange dragging cabinets to deliver goods to the freight forwarding warehouse.
10 Entrust customs declaration:
11. Obtain shipping documents:
12. Prepare other documents: commercial invoice, FORMA certificate of origin or general certificate of origin, shipping notice, packing list.
13. bill:
13.1. If L / C is used to collect foreign exchange, you should prepare a full set of documents within the specified time for presentation, and strictly review the documents to ensure that there are no errors before submitting to the bank for negotiation.
13.2. If T / T is used to collect foreign exchange, the bill of lading will be faxed to the customer as soon as the bill of lading is obtained, and the original bill of lading and other documents will be sent to the customer after confirming that the balance is received.
13.3. If T / T collects foreign exchange, you need to collect the full amount to make the counter. You must wait for the receipt before arranging the counter. After receiving the bill of lading, you can send the original bill of lading to the customer immediately.
14. Business registration: Each export business must be registered in a timely manner after completion, including computer registration and written registration to facilitate future inquiry and statistics.
Analysis indicators
1. Trade volume and trade volume
The trade volume is the amount of trade expressed in currency, and the trade volume is the trade volume after excluding the impact of price changes. The trade volume enables comparison of trade scales in different periods. Here are three concepts to master.
(1) Value of Foreign Trade: It is the sum of a country's total imports and exports in a certain period of time.
Generally expressed in national currency, or in currencies customarily used internationally; the foreign trade volume of the world's countries issued by the United Nations is expressed in US dollars; when countries count tangible goods, exports are calculated at FOB prices and imports are calculated at CIF prices ; Intangible goods are not declared, and customs have no statistics.
(2) International trade value: (Value of International Trade) is a combination of foreign trade values of countries in the world expressed in currency, also known as international trade value. It is equal to the sum of export trade volume calculated by FOB prices in various countries in the world in a certain period of time.
(3) Trade volume: Trade volume is an index established in order to eliminate the impact of price changes and accurately reflect the actual volume of international trade or a country's foreign trade. In the calculation, the price index determined on the basis of a fixed year excludes the trade volume of the reporting period, and the trade volume equivalent to the constant price (excluding the effect of price changes) is obtained. This value is called the reporting period. Trade volume.
Trade volume can be divided into international trade volume and foreign trade volume, export trade volume and import trade volume.
2. Trade balance
Balance of trade refers to the difference between a country's total exports and total imports over a period of time (usually one year).
(1) Favorable Balance of Trade, also called as "Excess of Export over Import": It means that the export value in a certain period is greater than the import value.
(2) Unfavorable Balance of Trade. China also calls it "Excess of Import over Export" and deficit, which means that the export value in a certain period is less than the import value.
(3) Trade balance: the export value equals the import value in a certain period.
It is generally believed that trade surplus can promote economic growth and increase employment, so all countries are pursuing trade surpluses. However, large surpluses often lead to trade disputes. For example, the Japan-US auto trade war.
3. International trade terms
Terms of International Trade (Terms of International Trade): It is the comparative relationship between the price of exported goods and the price of imported goods, also known as the import parity or exchange parity. It indicates how many units of imported goods can be exchanged for exporting one unit of goods. Obviously, the more imported goods returned, the better. The change in terms of trade in different periods is usually expressed by the terms of trade index, which is the ratio of the export price index to the import price index. The calculation formula is: the export price index divided by the import price index, and then multiplied by 100 (assuming the base period Terms of trade index is 100).
The term of trade index during the reporting period was greater than 100, indicating that the terms of trade improved over the base period.
The term of trade index during the reporting period was less than 100, indicating that the terms of trade deteriorated from the base period.
4. Commodity structure of trade
The composition of trade is the proportion of various types of goods in the total trade value. There is a problem with the classification of goods. There are generally two classification methods.
(1) The International Trade Standard Classification (SITC) of the United Nations Secretariat: tangible goods are divided into 10 categories in order, of which 0 to 4 products are called primary products, and 5 to 8 products are called manufactured products. Category 9 is other goods without classification. The proportion of primary products and manufactured goods in the import and export goods indicates the commodity structure of trade.
(2) It is classified according to the factors of production invested in the production of a certain commodity, which can be divided into certain factors of production that are labor-intensive, capital-intensive, and so on.
5. Geographical direction of trade
(1) Direction of Foreign Trade
The geographic direction of foreign trade refers to the distribution of the country of origin of the country's imported goods and the country of consumption of the exported goods. It indicates the degree of economic and trade relations between the country and various regions and countries in the world.
For example, the top ten import sources of China in 2003 were Japan, the European Union, Taiwan Province, ASEAN, South Korea, the United States, Hong Kong, Russia, Australia and Brazil. China's top ten export markets in 2003 were the United States, Hong Kong, the European Union, Japan, ASEAN, South Korea, Taiwan Province, Australia, Russia and Canada. As a result, the top ten trading partners of China in 2003 (determined based on total imports and exports) are Japan, the United States, the European Union, Hong Kong, ASEAN, South Korea, Taiwan Province, Russia, Australia and Canada.
(2) Direction of International Trade
It refers to the regional distribution and commodity flow of international trade, that is, the status of various regions and countries in international trade. It is usually expressed by the proportion of their export value (or import value) to the total world export trade (or total import trade).
For example, the top eight countries or regions for world commodity exports in 2003 were the United States, Germany, Japan, France, China, the United Kingdom, Canada, and Italy. The top eight countries or regions for world commodity imports in 2003 were the United States, Germany, the United Kingdom, Japan, France, China, Italy, and Canada.
6. Dependence on foreign trade
Foreign trade dependency degree (Foreign Dependence Degree) is a basic indicator to measure the degree of outwardness of the national economy of a country (or region). It refers to the proportion of foreign trade in the country's national income or gross national product.
Exchange rate mechanism
Young scholar Liu Zhou discovered the exploitation contained in the current international exchange rate mechanism in the article "The Biggest Capital in the Capital Age". Revealing the secret of exploitation hidden in the international exchange rate mechanism. The article argues:
The current international exchange rate mechanism is an important part of the current unequal international economic and trade order. It is an exchange rate mechanism that is conducive to "a few countries exploiting the world."
For example, the exchange rate is 1 yuan per 7.5 yuan. An American owns $ 8,000, which is relatively common in the United States. However, this American took the 8,000 US dollars to China to exchange them for RMB 60,000. Under the conditions of extremely low prices in China and extremely high prices in the United States, the value of the goods purchased in China for 60,000 yuan is more than the value of the goods that can be purchased in the United States for $ 8,000. That is to say, this American came to China with this 8,000 US dollars, no production, no labor, no need to take any investment risk, this 8,000 US dollars has achieved double capital appreciation and doubled Capital profit. Where does this part of the added value come from? It is achieved by taking the blood and sweat of the Chinese people for free. This is the relationship between China and the United States, and so is the relationship between all the developing countries in the world and the western developed countries-that is, the prices of developing countries are low and the currency exchange rate is low. The prices of developed countries are high and the currency exchange rate is high. The difference is that the yen exchange rate is low but the prices in Japan are extremely high, so people in Europe and the United States feel very rich when they arrive in Japan. However, people in Europe and the United States feel very rich in developing countries such as China. On the one hand, the national currency they carry can be exchanged for double the currency of the destination country. On the other hand, the price of the destination country is lower than the price of the country. So they can only buy a match for the money in the developing country. You can buy a box of matches, or even more. This is the basic reality of this era). Therefore, the current international currency exchange rate mechanism is an extremely reactionary exchange rate mechanism. It is a very hidden tool for the developed countries to exploit the developing countries. The real foundation on which it can exist is the international power relationship. Its basic content is determined by the colonial predatory relationship in the colonial era and evolved gradually. Together with other parts of the unequal international economic and trade order, it has become a tool for the peaceful plunder of developing countries by developed countries, and this so-called peaceful plunder is a continuation of armed plunder in the colonial era. (The truly equal exchange rate mechanism should basically use the price index of each country as the main basic indicator. Because lower prices indicate that their currencies contain more physical quantities, their exchange rates should also be relatively high; while prices are higher It means that its currency contains less physical quantity, so its exchange rate should be relatively low. This is the most understandable reason).
The article also argues that capitalists in developed countries (especially capitalists of multinational consortia), on the surface, earn profits in the international market by relying on their own capital and management methods. But the vast majority of their profits are actually achieved mainly through unequal international trade mechanisms. We know that the existing unequal international trade mechanism is formed by history. It was the product of the military conquest of colonial nations in history, and it is still maintained by force until today. Therefore, there is no doubt that when capitalists in developed countries make profits peacefully in the international market, they are essentially conducting a peaceful plunder; when they are conducting such a hypocritical peaceful plunder, The above is to carry out armed plunder in a completely new sense. In essence, it is participating in a bloody and dirty plunder war spanning the historical era. The capitalists are the beneficiaries and instructors of this dirty war. Their profits depend on the force of the history of their respective countries, and they also rely on force. So, after all, they are making money by force, and they still make war money. Therefore, the biggest capital in the capital era is not capital but violence.
main content
1. Basic content of International Trade
2. Related statistical indicators of international trade
3. Renminbi currency value and import and export trade
4.Classical trade theory
5. Transition from classical trade theory to modern trade theory
6. Modern trade theory
7. New trade theory
8. Tariffs (1)
9. Tariffs (2)
10.Non-tariff measures
11.Unfair trade
12. Regional economic integration (1)
13. Regional economic integration (2)
14. International trade in services
15. International technology gold trade
16.The historical origins of the WTO
17.GATT
18. WTO (organization of the World Trade Organization)
19.Basic principles of WTO
20.WTO and China
21. Opportunities and challenges for China's entry into the WTO
22. International Trade Practices
Settlement method
I. L / C settlement method
The letter of credit (L / C) method is the product of bank credit involving the settlement of international purchase and sale prices of goods. Its appearance not only solves the contradiction between the buyers and sellers to a certain extent, but also enables the two parties to obtain the convenience of bank-funded financial transactions in the process of using the letter of credit to settle the payment, thereby promoting the development of international trade. Therefore, it is widely used in international trade and has become a major settlement method in international trade today.
A letter of credit is a conditional payment commitment made by the bank, that is, a written document issued by the bank to the beneficiary in accordance with the request and instructions of the issuing applicant with a certain amount and promised to pay within a certain period of time with the required documents; or The bank is willing to purchase the beneficiary's draft guarantee on behalf of the applicant under the conditions of the prescribed amount, date and documents. It belongs to bank credit and adopts the counter-exchange method.
Second, remittance and collection settlement methods
Remittances and collections are commonly used for payment settlement in international trade.
1. Remittance
Remittance, also known as remittance, is a settlement method in which the payer remits the payment to the payee through the bank using various settlement tools. It belongs to commercial credit, and adopts the foreign exchange method. There are four parties involved in the remittance business: the payer (remmitter), the payee (payee or beneficiary), the remitting bank, and the paying bank. Among them, there is a contractual relationship between the payer (usually the importer) and the remittance bank (the bank that entrusts the remittance), and there is an agency contract relationship between the remittance bank and the remittance bank (the correspondent bank of the remittance bank).
When handling the remittance business, the remitter needs to fill in a remittance application form to the remittance bank. The remittance bank is obliged to issue a remittance form to the remittance bank according to the instructions of the remittance application; the remittance bank is obliged to receive the power of attorney after the accounting statement Pay the payment to the payee (usually the exporter). However, the remittance bank and the remittance bank are not responsible for losses caused by their own fault (such as the loss or delay of the payment entrustment in the post, which prevents the recipient from receiving the payment or the payment is delayed), and the remittance bank is not responsible for the remittance. We will not be held responsible for negligence in work.
2. Collection
Collection is an exporter's bill of exchange (with or without accompanying shipping documents) issued by the importer as the payer after the shipment of the goods, entrusting the bank of the exporter to collect it on behalf of the importer through its branch or agent at the importer's place A settlement method for payment. It belongs to commercial credit and adopts the counter-exchange method.
The parties involved in the collection method are the client, the collecting bank, the collecting bank, and the payer. The client, that is, the person who issues the draft and entrusts the bank to collect the payment from the foreign payer, also known as the drawer, usually the exporter; the collection bank is the exporting bank that accepts the commission of the exporter to collect the money; Bank, that is, the importing bank that accepts the collection bank's commission to collect the payment on behalf of the payer; the payer, the payer on the bill of exchange is the payer of the collection, usually the importer.
Among the above parties, the entrusting agent and the collecting bank, the collecting bank and the collecting bank are all agent-agent relations, and there is no legal relationship between the payer and the collecting bank. The payer pays according to the sales contract of. Therefore, whether the client can receive the payment depends entirely on the creditworthiness of the importer, and neither the collecting bank nor the collecting bank assumes responsibility.
When handling collection business, the client must submit a collection power of attorney to the collection bank, in which various instructions are given, and the collection bank and the collection bank all collect the payment from the payer in accordance with the instructions of the commission Payment.
3. Bank guarantee letter
Banker's letter of guarantee (L / G), also known as bank guarantee, bank guarantee, or short-form guarantee If the person fulfills the contract in accordance with regulations, otherwise the bank will be responsible for paying the debts.
4. Combination of various settlement methods
In international trade business, the payment for a transaction can be settled by using only one settlement method (usually), or according to needs, such as different trading commodities, different trading objects, and different trading practices. The combination of settlement methods may help facilitate transactions, facilitate the safe and timely collection of foreign exchange, or facilitate the proper processing of foreign exchange payments. Common different forms of settlement use are: the combination of L / C and remittance, the combination of L / C and collection, the combination of remittance with bank guarantee or letter of credit.
Environmental constraints
The environmental constraints of sustainable development of international trade mainly come from the following five aspects:
1. International environmental conventions;
Environmental provisions in the WTO agreement;
3. Environmental labeling system;
4. A series of international environmental management system standards;
5. Relevant environmental and trade regulations and technical standards of importing countries.
International trade term
International trade terms are also called price terms. In international trade, the obligations assumed by buyers and sellers will affect the price of goods. In the long-term practice of international trade, gradually forming certain trade terms and prices that are closely related to prices have been directly linked, forming a number of quotation models. Each model specifies the obligations of the buyer and seller in certain terms of trade. The term used to clarify this obligation is called a trade term.
The terms of trade represented by trade terms are mainly divided into two aspects:
First, explain whether the price structure of the quotient includes the main subordinate expenses other than cost, that is, freight and insurance;
Second, determine the delivery conditions, that is, the division of responsibilities, costs, and risks that the buyer and the buyer have in handing over the goods.
Trade terms are an essential part of price in international trade. Trade terms are used in the quotation to clarify the respective responsibilities, costs and risks that the two parties should bear in the delivery of the goods, and explain the price composition of the goods. This simplifies the procedures for transaction negotiation and shortens the transaction time. Because the international conventions that stipulate trade terms provide a complete and precise explanation of the obligations that buyers and sellers should assume, certain disputes that may arise during performance due to inconsistent understanding of contract terms are avoided.
references
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Beijing International Trade Map
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China World Trade Center
China World Shopping Mall
Beijing International Trade
The Guomao Mall, which was newly unveiled in May 2000, was built on the basis of the original Guomao Mall with an investment of USD 40 million. The shopping mall is located in a place where traffic converges. The third ring road, subway and buses are very convenient, which is suitable for the characteristics of most domestic customers using public transportation. The underground corridor directly connected to the Guomao Subway Station allows direct access to the mall; the mall has a total construction area of 60,000 square meters, which is more suitable for the walking limits and shopping habits of domestic customers; 120 fashion and clothing specialty stores at reasonable prices, suitable for most people Consumption level; two themed storesGuomao Chenxi Department Store and China Resources Supermarket are all available at moderate prices; an international boutique district where more than 30 of the world's top brands converge to provide leading trendy clothing for fashionable people; Jiazhen Ice Rink has attracted many young people who love health; dozens of well-known foreign restaurants, bars and domestic restaurants meet the dining needs of customers. Although the above software settings of the mall are somewhat different from those of the US MALL, they are more suitable for the consumption habits of local guests.
trading center
China World Trade Center (No. 1 Jianguomenwai Street, Beijing) Abbreviation for China World Trade Center
China International Trade Center (hereinafter referred to as "International Trade Center") is now China's largest comprehensive high-end
Beijing International Trade
One of the business service companies, China World Trade Center is located in the core area of Beijing's Central Business District. It covers an area of 12 hectares with a total construction area of 560,000 square meters. It integrates office, accommodation, conference, exhibition, shopping, and entertainment. The first choice for many multinational companies and trading companies in Beijing.
The International Trade Center was established in August 1985, and was fully opened on August 30, 1990. It was jointly invested and constructed by Xinguang Property Management Center, a subsidiary of the Ministry of Foreign Trade and Economic Cooperation, and Hong Kong Kerry Industrial Co., Ltd., a subsidiary of the Malaysian Brothers Group.
Since its opening, the International Trade Center has successfully hosted nearly 400 domestic and international exhibitions and expositions, and held more than 4,700 international and domestic conferences and events every year. Among them, high-level, Grades of government affairs and business activities four or five hundred times. At the same time, the ITC also hosted the heads of state, governments of many countries, the heads of important international organizations and their permanent institutions, as well as business giants and celebrities from various countries.
The International Trade Center Office Building is Beijing's premier top-grade Grade A office building; various economic indicators of China World Hotel rank among the top five-star hotels in Beijing, and have won many awards for good service, including those issued by the American Association of Quality Service Technology The "Five Star Diamond Award" has been rated as one of the best hotels in the world by many world-renowned commercial media for many years.
China World Trade Center issued 160 million shares of Class A stocks on the Shanghai Stock Exchange in early 1999 and raised 850 million yuan in financing. The success of the issuance and listing of stocks has opened up new financing channels for the future development of the World Trade Center and put the company on the road of combining industrial and capital operations. ITC is actively constructing the third phase of the project to achieve greater development of the enterprise. The third and third phases of the project will be completed in 2009. The construction of the World Trade Phase III project starts from the East Third Ring Road in the east, to the General Building of the Machinery Bureau in the west, 2 Guomao Building in the south, and Guanghua Road in the north. In addition to super five-star hotels, high-end office buildings, international boutique malls, cinemas and other facilities, the project also includes a grand ballroom of tens of thousands of square meters, which will be the largest ballroom in Beijing.
Beijing International Trade
China World Trade Center, which consists of China World Trade Center, China World Exhibition Center, China World Trade Center, China World Hotel, China World Hotel, and China World Trade Center, constitutes China World Trade Center with a total construction area of 560,000 square meters.
Beijing Guomao Building is located on Jianguomenwai Avenue, occupying Beijing's Central Business District, adjacent to East Changan Street, with multiple buses passing in front of the door. Guomao Metro Station is connected to the building's underground, making it easier for customers to do business and commute.
Geolocation
Location of Beijing International Trade Center

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