China to take more targeted steps to sustain growth momentum in foreign trade – commerce ministry
MACRO POLICY & REGULATION
China to take more targeted steps to sustain growth momentum in foreign trade – commerce ministry
MACRO POLICY & REGULATION

China to take more targeted steps to sustain growth momentum in foreign trade – commerce ministry

 

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China’s foreign trade demonstrated strong resilience and maintained stable performance in the first eight months of the year amid sluggish global economic and trade growth, and the country will take more targeted steps to sustain its growth momentum, said Ministry of Commerce on Thursday.

Since the start of the year, China’s foreign trade has been under sustained pressure amid a combination of economic and non-economic factors, said the ministry at a news briefing.

Faced with growing severity and complexity, as well as rising risks and challenges, Chinese foreign trade enterprises have risen to the occasion and actively explored international markets, it said, adding that stronger and more effective policies to keep foreign trade stable have been rolled out to remove bottlenecks and enhance product competitiveness.

Looking ahead, China will fine-tune its policy mix to better address the pressing concerns facing enterprises, He said, adding that well-focused policies to advance the development of processing trade and shore up the growth of services trade and digital trade will be introduced.