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China vows to boost foreign trade, reaffirms support for trade expansion
02:12

China's Ministry of Commerce has promised more efforts to stabilize international trade this year. It says international trade saw stable growth in the first quarter of 2023 to reach 9.9 trillion yuan, up 4.8 percent year-on-year. The Ministry also says an unstable external environment continues to pose challenges, and pressure is piling up for domestic enterprises. To stabilize the scale of foreign trade, China is creating more opportunities for international trade, helping stabilize the trade system and services in key sectors, and implementing more measures to support foreign trade enterprises. The Ministry has two focal points regarding structural optimization: first, optimizing trade modes, such as industrial transference and the green economy. Second, optimizing the trade environment, mainly across the legal mechanism, taxation, customs formalities and trade agreements.

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