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In the first 10 months of this year, China’s import and export growth recovered. The fourth quarter is usually the peak season for foreign trade. What measures will the Ministry of Commerce take to stabilize foreign trade?(2023-11-16)

This year, China’s foreign trade has withstood the pressure and shown strong resilience. Its performance is better than expected. The fourth quarter is usually the peak season of foreign trade, and marks the final sprint in boosting foreign trade and the end of the season. We will work in the following three aspects to promote the stability and quality of foreign trade.

First, we will strengthen support for enterprises as they unlock new markets. We will give full play to the role of exhibitions in promoting trade, and increase support for enterprises to participate in exhibitions at home and abroad. We will facilitate cross-border business travels and ensure efficient and unimpeded transportation of traded goods.

Second, we will spur innovation in foreign trade. We will work to unveil policies to promote trade cooperation in new energy vehicles and upgrade processing trade. We will carry out assessment of cross-border e-commerce pilot zones, and give full play to outstanding cross-border e-commerce pilot zones in taking the lead.

Third, we will improve financial services for foreign trade. We will increase credit support for imports and exports, promote access to finance and ramp up support for small, medium and micro foreign trade enterprises. We will expand the scope and coverage of export credit insurance to help enterprises expand markets. Thank you.