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September 30, 2016

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Ministry bid to boost foreign trade

CHINA will adopt various measures to boost foreign trade as the sector is still under considerable pressure, the Ministry of Commerce said yesterday.

Policy priorities will include eliminating unreasonable charges on exports and imports, alleviating financing difficulties for enterprises and facilitating trade and investment, said Zhang Ji, assistant minister of the MOC.

Pilot projects including cross-border e-commerce and market procurement will be advanced, Zhang said at a briefing on the upcoming 120th China Import and Export Fair, also known as the Canton Fair, scheduled from October 15 to November 4 in south China’s Guangzhou.

China will continue to build an international and law-based business environment, actively cope with trade frictions and strengthen intellectual property protection to boost imports and exports, said Zhang.

In the first eight months of the year, China’s foreign trade was down 1.8 percent from a year earlier, with exports dropping 1 percent and imports falling 2.9 percent.


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