Saturday, 19 October 2013

Beijing to Unveil New Policies to Shore up Foreign Trade

The Ministry of Foreign Trade remains optimist about this year's foreign trade outkook despite the negative growth reported in exports last month, the spokesperson said Thursday at a press conference.
The Chinese government is going to introduce more supportive policies to shore up the country's foreign trade which is slowing down amid depressing demands from emerging markets.
China has unveiled a couple of favorable policies since July to help Chinese trade companies ease pressures of rising costs and improving efficiency, said Shen Danyang, spokesperson with the Ministry of Commerce.
A plan to promote cross-border e-commerce has just been released, he said.
More supporting efforts are on the way, according to Shen, including a comprehensive supporting package as well as measures to upgrade the industry's growth momentum.
The ministry remained upbeat about this year's foreign trade outlook despite the negative growth reported in exports last month, the spokesperson said Thursday at a press conference.
Shen was confident in completing 2013's target of an 8 percent year-on-year growth as well as a trade "transformation".
China's exports fell 0.3 percent in September from a year ago, compared with a 7.2 percent year-on-year growth in August. Imports, by contrast, grew by 7.4 percent.
He expected imports to continue growing strongly in the following months.
China still faces challenges in as international environment stays complicated with growths of emerging markets slowing down, currencies plunging and inflations climbing. 
Source: Caijing

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