China's Three-Pronged Approach to Stabilizing Foreign Trade in 2025
In a significant announcement at the economic theme press conference of the third session of the 14th National People's Congress, Minister of Commerce Wang Wentao outlined China's comprehensive strategy to stabilize foreign trade in 2025. The approach focuses on three key areas: enhancing policy support, expanding trade opportunities, and providing targeted assistance to enterprises.
Policy Reinforcement: Addressing Challenges and Promoting Quality Growth
Minister Wang emphasized that the new policies will address both immediate challenges and long-term goals of promoting high-quality trade development. The policies will be researched and reserved in advance, with timely introduction based on need.
"In response to the complex international situation, we will combine short-term problem-solving with long-term strategic development, ensuring our policies are both timely and sustainable," Wang stated.
This approach builds on the achievements of 2024, when China's foreign trade delivered impressive results: year-on-year growth of goods imports and exports reached 5%, China has become a major trading partner for over 150 countries and regions, and has signed 23 free trade agreements with 30 countries and regions. These achievements have strengthened China's position in the global market and diversified its trade partnerships.
Expanding Trade Opportunities: Diversification and Innovation
To drive trade expansion, the Ministry of Commerce will focus on several initiatives:
Establishing new cross-border e-commerce pilot zones to support e-commerce and overseas warehouse development
Expanding intermediate goods trade and green trade
Increasing the share of service trade, which currently accounts for only 14.6% of total foreign trade
Implementing cross-border service trade negative lists and advancing tiered openness
Constructing national service trade innovation demonstration zones
Promoting the integration of goods trade, service trade, and digital trade
These measures aim to create multiple growth points in foreign trade, particularly in emerging areas like digital services and green technologies.
Targeted Enterprise Support: Practical Solutions for Business Challenges
Recognizing the difficulties faced by foreign trade enterprises, the Ministry will:
Expand export credit insurance coverage
Guide financial institutions to increase financing support
Leverage major trade fairs (CIIE, Canton Fair, CIFTIS, etc.) to help enterprises find new trade partners
Negotiate more free trade agreements to enhance trade liberalization and facilitation
"We will continue to play the important role of major trade fairs in connecting domestic and international markets, helping enterprises expand their market presence and find more business opportunities," Wang said.
International Perspective: Opportunities for Global Businesses
For international businesses, China's trade stabilization measures offer several opportunities:
Access to a diversified and growing market with increasing service trade potential
Participation in China's green trade initiatives, particularly in environmental protection and sustainable development sectors
Collaboration in digital trade development through China's expanding digital infrastructure
Benefit from China's efforts to enhance trade facilitation and reduce trade barriers
The policy framework also signals China's continued commitment to open markets and international cooperation, providing stability in a time of rising protectionism.
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