A large number of new regulations will come into effect on January 1, 2020.

According to the report, a large number of new regulations, including the foreign investment law, the regulations on improving business environment and the land management law, as well as the adjustment of import duties on some commodities, will come into effect on January 1, 2020. Among them, with the implementation of relevant policies and regulations in the field of foreign investment, foreign investment is expected to accelerate into the Chinese market.

◎ ministry of commerce: this year, China's total retail sales will break through 40 trillion yuan for the first time, reaching 41.1 trillion yuan, with a year-on-year growth of about 8%, contributing more than 60% to economic growth and becoming the first driving force for economic growth for six consecutive years.

◎ cass: the international trade situation is expected to improve in 2020 compared with that in 2019, and the growth rate of trade is expected to be between 1.5% and 2.5%.