Source: The Central People's Government, ChinaScope Financial (Data)
+ Yesterday, the State Council introduced a series of measures to stabilize foreign trade growth.
+ The government will accelerate the process of export tax rebates, and ensure that payments will be given accurately and timely.
+ China will help enterprises expand financing size and reduce financing costs. In addition, commercial banks in China are encouraged to extend trade financing to micro- and small-sized enterprises (MSEs) as well as issue more loans to qualified exporters.
+ In addition, the government is also encouraging the expansion of export credit insurance. Insurance companies are now required to increase short-term insurance services to MSEs to help them gain better traction in overseas markets.
+ To facilitate smoother trade operations, the efficiency of customs and clearance will be improved, administrative procedures will be optimized, and related costs will be cut starting from 2013.
+ Furthermore, China will aggressively expand imports, and encourage enterprises to venture into emerging markets such as Africa, Latin America, Southeast Asia, and Central and Eastern Europe.