China’s State Council studies measures to promote stable scale

This aerial photo taken on March 13, 2023 shows a container terminal of Taicang Port, east China’s Jiangsu Province. (Xinhua/Li Bo)

BEIJING, April 8 (Xinhua) — China’s State Council has studied policies and measures to promote the stability of the scale of foreign trade, as well as its improved structure, according to a State Council executive meeting chaired by Premier Li Qiang on Friday.

Promoting the stable scale and improved structure of foreign trade plays an important supporting role in stabilizing growth and employment, fostering a new development pattern and advancing high-quality development, the meeting said.

In light of practical problems in different fields, more efforts will be made to enrich, adjust and perfect related policies, implement a policy mix to maintain the stability of foreign trade, and help enterprises secure orders and expand the market, according to the meeting.

The country will find ways to stabilize exports to developed economies and guide companies to continue their exploration of markets in developing countries, as well as regional markets such as the Association of Southeast Asian Nations, it said.

The meeting also adopted a draft on the regulation of unmanned aircraft flight. Stressing the need to coordinate development and security, the meeting urged efforts to regulate the flight of unmanned aircraft and related activities, promote the sustainable and healthy development of relevant industries, and safeguard aviation, public security and national security.

To continue to reduce the burden on college graduates from families with financial difficulties, the meeting decided to continue the policy of interest-free and deferred principal repayments for government-subsidized student loans.

More efforts will be made to increase policy and financial support for companies that recruit large numbers of college graduates and promote the multi-channel employment of new graduates, according to the meeting.

It underlined that current economic recovery is in a critical period, calling for efforts to do solid work in economic operation monitoring, situation analysis and countermeasure study based on in-depth investigation and research.

Practical and effective measures will be introduced in due time to further stabilize market expectations, boost development confidence, maintain a sound momentum of growth, and promote the sustained and overall improvement of economic operations, it added.

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