China releases measures to keep foreign trade stable

BEIJING – China on Tuesday unveiled new guidelines to ease pressures on foreign trade companies and keep the country’s exports and imports stable.

The country will further open up the economy and carry out cross-cyclical adjustments to support medium, small and micro-sized foreign trade companies, and guarantee their orders and stabilize expectations, according to the guidelines on further stabilizing foreign trade released by the State Council.

The guidelines detailed 15 measures including fiscal and financial support for foreign trade companies as well as incentives for new forms of businesses in foreign trade.