BEIJING : China pledges more measures to stabilize foreign trade in the face of weakening global demand and rising protectionism, a commerce official said at a press conference on Thursday (July 30).

The country will provide financing support to foreign trade firms through various means and further expand export credit to micro, small and medium-sized foreign trade companies in a bid to keep them afloat amid the challenging external environment, said Gao Feng, spokesperson for the Ministry of Commerce.

China will continue to encourage foreign trade firms to tap the domestic market and support the development of new forms of business such as cross-border e-commerce and overseas warehouses to boost the export of micro, small and medium-sized businesses, Gao said.

Multi-pronged measures will be taken to stabilise the industrial and supply chains, he said, adding that the country’s central, western and northeastern regions are encouraged to take over labour-intensive foreign trade industries.


  – Xinhua