China says it will introduce new measures to stabilise trade in due course

24/11/2021 11:20:00 AM

China says it will introduce new measures to stabilise trade in due course

China says it will introduce new measures to stabilise trade in due course

BEIJING : China's vice commerce minister Ren Hongbin said on Wednesday there are still many concerns for foreign trade, especially for struggling smaller exporters, and China will introduce a new round of measures to stabilise it in due course. There is still much pressure on small and medium-sized enterp

BEIJING : China's vice commerce minister Ren Hongbin said on Wednesday there are still many concerns for foreign trade, especially for struggling smaller exporters, and China will introduce a new round of measures to stabilise it in due course.There is still much pressure on small and medium-sized enterprises engaged in foreign trade in particular, Ren told a news briefing in Beijing. For example, many are unable to accept new orders or are seeing higher revenue without boosts to profits, he said.

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LinkedIn BEIJING : China's vice commerce minister Ren Hongbin said on Wednesday there are still many concerns for foreign trade, especially for struggling smaller exporters, and China will introduce a new round of measures to stabilise it in due course.LinkedIn SHANGHAI: The Winter Olympics in Beijing next year will be a"rite of passage" for China to become a mature major power, the state-backed Global Times said in an editorial on Tuesday (Nov 23), alleging that anti-Chinese forces were trying to make trouble.LinkedIn SHANGHAI: The Winter Olympics in Beijing next year will be a"rite of passage" for China to become a mature major power, the state-backed Global Times said in an editorial on Tuesday (Nov 23), alleging that anti-Chinese forces were trying to make trouble.LinkedIn SHANGHAI: The United States is"turning to China for help" to cool inflation by releasing some of its oil reserves, the state-backed Global Times said in an editorial on Wednesday (Nov 24), adding that the move will benefit everyone but China"has the upper hand".

There is still much pressure on small and medium-sized enterprises engaged in foreign trade in particular, Ren told a news briefing in Beijing. For example, many are unable to accept new orders or are seeing higher revenue without boosts to profits, he said. "The ideological conflicts between China and the West will escalate before the Beijing Winter Olympics in 2022 as anti-Chinese forces will converge to make trouble for China," said the Global Times, which is published by the People's Daily, the official newspaper of China's ruling Communist Party. China's exports have repeatedly beaten expectations this year on strong overseas demand, helping to drive economic growth. "This event will not only be a comprehensive stress test for China's ability to respond to various crises, but also a catalyst for China's growth in mentality as a major power. However a surge in raw material prices has increased cost pressures on firms." Human rights groups have called for a boycott of the Games in February over China's record on human rights. Factory gate inflation hit a 26-year high in October. This is a direction that benefits everyone, but China clearly has the upper hand.

China will enhance the role of export credit insurance and the ability of enterprises to deal with exchange rate risks, Ren added. A spokesman for British Prime Minister Boris Johnson said on Monday that no decision has yet been made on who will represent the government at the Beijing Winter Olympics, though he did not support the idea of sporting boycotts. A spokesman for British Prime Minister Boris Johnson said on Monday that no decision has yet been made on who will represent the government at the Beijing Winter Olympics, though he did not support the idea of sporting boycotts. (Reporting by Xu Jing and Gabriel Crossley; Editing by Jacqueline Wong and Giles Elgood) Source: Reuters .