At the press conference held by the State New Office today, the relevant person in charge of the Ministry of Commerce said that in the first eight months, China's foreign trade has shown strong development resilience and innovative vitality, and the next step, the Ministry of Commerce will increase trade policy support. In the first eight months, the scale of China's import and export and the number of foreign trade entities increased by more than 30% over the same period in 2019, the proportion of exports to emerging markets increased by nearly 7 percentage points, the scale of new business forms such as cross-border e-commerce increased by 11 times, and green new energy products became export highlights. At the same time, according to WTO statistics, the total global exports in the first half of the year fell by 4.6%, 1.4 percentage points deeper than China's decline. China's global market share reached 14.2 percent, up 0.4 percentage points from the same period last year. China's foreign trade has shown strong development resilience and innovation vitality.
Guo Tingting, Vice Minister of Commerce: We are ready to introduce a number of policy measures to support trade cooperation in new energy vehicles, support the export of used cars, enhance the development level of processing trade, and support the construction of overseas warehouses. The Ministry of Commerce will also strengthen the development of international markets, organize key exhibitions, further optimize visa policies, and better facilitate business exchanges. We will continue to carry out special training and matching meetings on trade hedging, RCEP chain stabilization, and overseas warehouses, and further expand the scale and coverage of export credit insurance.
