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China pledges continued support to foreign trade firms

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Update time : 2020-04-14 11:18:57
China pledges continued support to foreign trade firms
China has pledged continued support to aid its foreign trade firms and minimise the impact of COVID-19 on the sector. The country's imports and exports improved in March and resumption of work and production in foreign trade firms has also been advancing in an orderly manner, commerce ministry spokesperson Gao Feng recently said in a virtual press conference.

More than 76 per cent of key firms in the sector have recovered over 70 per cent of their production capacity so far, he informed.

However, part of China's foreign trade enterprises, especially those in the textile industry, had to postpone or cancel orders as the virus spread around the world and weighed in on the global economy and international trade, Gao noted.

He highlighted collaboration among governments, companies and business organisations to cope with the lack of production materials faced by foreign trade firms due to disrupted global industrial and supply chains.

China will strengthen macro-economic policy coordination with relevant countries and regions to facilitate customs clearance and logistics of important raw materials while encouraging foreign trade firms to avert risks by exploring new business opportunities and increasing spending on innovation.

Gao also said that the ministry will join hands with other related parties to ensure an open, stable and safe global supply chain.