At present, there are more unstable factors for global economic development and trade and investment, and major international organizations have lowered their forecasts of annual economic and trade growth. According to the latest data released by the WTO, from January to May this year, the import and export of 71 major economies, which accounted for over 90% of global trade, fell by 13.3%, among which the monthly decline in May reached 25.9%. The international market demand is sluggish, trade protectionism rising, and the uncertainty in external environment increasing. China's foreign trade development still faces a complex and difficult environment.
  
On July 29, the State Council executive meeting studied and made arrangements for further expanding opening up and keeping foreign trade and foreign investment stable. In the next step, we will resolutely implement the decisions and arrangements of the CPC Central Committee and the State Council, introduce new policies and measures in a timely manner, and do our best to keep foreign trade stable. First, protect foreign trade players. We will give full play to the role of export credit insurance and help enterprises actively guard against order-related risks. We will also promote the model of "credit insurance+guarantee" to support the financing of foreign trade enterprises, provide financing and credit enhancement support for foreign trade enterprises in various ways, and further expand export credit to micro, small and medium-sized foreign trade enterprises. We will do a good job in transferring products intended for export to domestic sales, and ensure the sustainable development of enterprises. Second, offer all-dimensional support to enterprises in securing orders and expanding markets. We will explore online channels of foreign trade, support the development of new forms of businesses, such as cross-border e-commerce, overseas warehouses and integrated service providers of foreign trade, expand the pilot program of market procurement trade model, and promote the export of micro, small and medium-sized enterprises. Third, take multiple measures to keep the industrial chain and supply chain stable. We will encourage the central and western regions and the northeastern region to give full play to their advantages in the relocation of labor-intensive foreign trade industries. We will also give full play to their roles as foreign trade transformation and upgrading bases and enhance the leading role of large-scale major foreign trade enterprises. Thank you!