FOREIGN TRADE

In order to give full scope to the positive role of financial institutions in stabilising foreign trade and investment and in stimulating consumption, the Ministry of Commerce has furthered its collaboration with eight financial institutions, including the China Development Bank and the Export-Import Bank of China, through the signing of various co-operation agreements and memoranda of understanding. More

On 24 April, Dongguan issued a pronouncement on promoting the steady development of foreign trade. A total of 20 policy measures were put forward. These took effect immediately and will remain in force until the end of 2020. More

The General Office of the Ministry of Commerce and the General Office of the Ministry of Finance issued a joint notice on making good use of special funds for domestic and foreign trade to support efforts to stabilise foreign trade and foreign investment and bolster consumption (Shang Ban Cai Han No. 8 [2020]) on 23 March in a bid to better support epidemic control efforts. More

Pressure to stabilise employment in China is growing as risks and challenges at home and abroad grow. Opinions on Further Stabilising Employment (Guo Fa No. 28 [2019]), a directive recently issued by the State Council, proposes measures to ward off the risk of mass unemployment and ensure overall employment stability. More