Cabinet urges support for foreign trade
Updated: 2015-07-24 16:44
(Xinhua)
|
|||||||||||
BEIJING - China will support imports by reducing tariffs on popular consumer goods, opening more duty free shops at ports and expanding the variety of duty free products, according to the State Council, the country's cabinet.
Guidelines issued on Friday urged governments at all levels to implement measures to foster imports and exports, as China strives to open wider to the world and upgrade its economy.
Policies on consumer goods imports should be improved, and more efforts should be made to create an easier business environment for foreign trade enterprises, according to the cabinet.
The guidelines called on ministries including the General Administration of Customs, the Ministry of Commerce and the State Administration of Foreign Exchange (SAFE) to facilitate more foreign trade in free trade zones and to offer tax refunds for exports.
To help enterprises avoid risks in cross-border trade, the cabinet also urged the People's Bank of China and the SAFE to keep the exchange rate of the Chinese currency, renminbi, at a stable and reasonable level.
It said reform of the yuan exchange rate's formation mechanism must be market-oriented and that renminbi settlement in cross-border trade must be made more convenient.
A more open environment is key to the steady growth of imports and exports, according to the guidelines, which did not specify any timeline for any of the moves.
China's total foreign trade dropped 6.9 percent year on year to 11.53 trillion yuan ($1.89 trillion) in the first six months of 2015, slipping further from a 6-percent decline in the first quarter, according to the General Administration of Customs.
Related Stories
China eyes foreign trade in stabilizing growth 2015-07-16 10:13
Branding, quality, service hold key to boosting foreign trade 2015-05-28 16:15
China's foreign trade remains lackluster, but outlook brightens 2015-07-14 10:36
China chases new competitive edge in trade 2015-05-12 16:27
China's foreign trade to better in H2: MOC 2015-05-11 08:57
Today's Top News
Astronomers discover most Earth-like planet yet
Deficit hits $104b in first half
Japan's Nikkei buys Financial Times in $1.3b deal
Warriors star in lakeside opera spectacular
Japan's Nikkei buys Financial Times in $1.3 bln deal
Greek parliament passes crucial bailout bill
Ministry: No date set for nationwide two-child policy
'Spartans' detained by Beijing police for disturbing order
Hot Topics
Lunar probe , China growth forecasts, Emission rules get tougher, China seen through 'colored lens', International board,
Editor's Picks
|
|
|
|
|
|












