Caixin
May 16, 2022 07:40 PM
OPINION

Editorial: China's Short-Term and Long-Term Worries About Foreign Trade

In dollar terms, China’s exports grew 3.9% in April from a year earlier, down 10.8 percentage points from March. Photo: IC Photo
In dollar terms, China’s exports grew 3.9% in April from a year earlier, down 10.8 percentage points from March. Photo: IC Photo

Chinese policymakers are fully aware of the challenges facing the country’s foreign trade. The State Council’s executive meeting on April 13 decided to more vigorously implement policies such as export tax rebates to promote a steady growth of foreign trade. The May 5 executive meeting decided to stabilize and upgrade foreign trade. On May 9, a national teleconference on boosting foreign trade and investment was held. Finance and taxation, among other departments, have released multiple measures to stabilize foreign trade. These foreign trade measures suggest that China’s economy is jostling with an increasingly complex, harsh and uncertain environment.

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