China plans to stabilize and optimize foreign trade

Containers await shipping at a port in Xiamen, Fujian province. [Photo by WANG XIEYUN/CHINA DAILY]
China will take a series of measures to stabilize the foreign trade and optimize its structure, said a senior government official on Sunday.
The government will create more opportunities, including resuming offline exhibitions, improving the processing efficiency of APEC business travel card applications and facilitating the orderly resumption of international passenger flights, said Wang Shouwen, vice-minister of commerce and China’s international trade representative.
The APEC business travel card is a travel document issued to business travelers who are citizens of APEC participating economies. It eliminates the need for holders to possess visas when visiting other APEC economies, according to the Ministry of Foreign Affairs.
Addressing a news conference in Beijing, Wang said China will introduce new measures to stabilize the trade of key products, such as assisting automakers to establish and improve their global marketing and service networks, ensuring funding for large-scale equipment projects, and accelerating the revision work of the catalog of encouraged technologies and products for import.
The government will also guide companies engaging in processing trade to move to the central and western regions, as well as the northeast region, said Wang.
“We will also revise the management methods for border trade and support the Guangdong-Hong Kong-Macau Greater Bay Area to develop digital trade,” he added.

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