BEIJING, July 29-- China will take further steps to stabilize foreign trade and investment through expanded opening-up, and advance trials for innovative development of trade in services in an effort to take the country's opening-up to a higher level. Such decisions were adopted at the State Council's executive meeting chaired by Premier Li Keqiang on Wednesday. The Chinese government puts great emphasis on maintaining stability in foreign trade and investment. Premier Li specifically required introducing new measures for the steady progress of foreign trade and investment. "The greatest uncertainty at the moment comes from the external environment, which directly affects foreign trade and investment," Li said, "As we work to advance the six priorities where stability is key and the six areas where protections are needed, we must be fully prepared to meet the new challenges that may come our way, especially in maintaining stability in the global production and supply chains, and in foreign trade and investment." It was decided on Wednesday that support will be given to foreign trade businesses in strengthening resilience against risks. A model of "credit insurance plus guarantee" is encouraged to increase business credit for foreign trade companies. Central, western and northeastern provinces will be encouraged to tap into their strengths and host relocated labor-intensive industries in foreign trade. New forms of business such as cross-border e-commerce, overseas warehouses, and enterprises that provide comprehensive foreign trade services will receive more support, and trials of market purchase trade will be expanded, to facilitate exports of micro, small and medium-sized firms. |