China announced measures on Thursday to stimulate its trade exchanges, in a context of weak economic growth and with the prospect of a resumption of trade disputes with USA.
Published by the Ministry of Commerce, these nine measures aim to “promote stable growth in foreign trade, consolidate and reinforce the upward dynamics of the economy.”
The measures, which span all levels of government, include expanding export credit insurance, strengthening financial support for foreign companies and streamlining cross-border trade payments.
Other measures seek to boost international electronic commerce, encourage exports of agricultural products and support imports of “key equipment” and “energy resources.”
The ministry also wants to promote innovation in “green trade”, strengthen personnel exchanges abroad, and advocate for better guarantees in maritime transport and employment for foreign companies.
The Chinese economy is struggling to recover since the end of the Covid pandemic, facing a crisis in the real estate sector, a drop in consumption and a high unemployment rate among young people.
The outlook darkened even further with the election of Donald Trump, whose first term was marked by a trade war with Beijing and the imposition of tariff barriers on numerous Chinese products.
China has so far avoided commenting on the prospects for a new trade confrontation with Washington.
WITH INFORMATION FROM AFP
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