State Council promises support for foreign trade
Print Edition
THE State Council, China’s Cabinet, has vowed to support the stable growth of foreign trade and improve foreign trade structure.
China faces a tough situation in foreign trade and must work hard to reach its annual targets, said a statement released after an executive meeting of the State Council yesterday that was presided over by Premier Li Keqiang.
The first measure that should be taken is to optimize foreign trade structure, including encouraging imports of advanced technology equipment and key parts, the statement said.
The second measure that should be taken is to facilitate trade, including clearing intermediary services and fees, it said.
Fund-raising services must be improved, the processes of export tax rebates accelerated and competition must be improved.
The meeting also stressed employment for college graduates. China will see 7.27 million graduates this year, the most yet, and faces employment pressure. New measures will be taken to boost employment of college graduates and encourage them to start businesses.
The government’s policies to subsidize small and micro enterprises which employ college graduates will be prolonged to the end of 2015 and technology firms can apply for up to than 2 million yuan (US$330,000) in loans with discounted interest.
The meeting also stressed further protection of workers’ basic rights and interests.
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