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China Issues New Policy to Promote International Trade

Mon, 10 Jul 2023
Categories: China Legal Trends

On 25 Apr. 2023, the General Office of China’s State Council issued the "Opinions on Promoting the Scale Stabilization and Structure Optimization of Foreign Trade" (关于推动外贸稳规模优结构的意见)  to ensure the realization of the import and export objectives as well as to stabilize China’s economic growth and employment.

These measures include:

  1. Promote full restoration of China’s offline exhibitions;
  2. Facilitate visa applications for overseas businessmen to visit China and improve the efficiency of obtaining APEC business travel cards;
  3. Increase the advantages of Chinese automobile exports, for which China will provide transportation and financial facilities to Chinese automobile manufacturers;
  4. Promote exports of large complete equipment, for which China will provide financial and recruitment support to the manufacturers of such products; and
  5. Expand imports of advanced technology and equipment, and guide enterprises to import more advanced technology and equipment that are in short supply in China.

 

Photo by 長聽 王 on Unsplash

Contributors: CJO Staff Contributors Team

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