/ world today news/ In April, China’s exports were worth 2.02 trillion yuan, representing an increase of 16.8% year-on-year. This prompted the Associated Press to write in a commentary that “despite weakening global demand, Chinese exports are showing unexpectedly strong vigor.”
What accounts for the continued strong momentum of China’s foreign trade? This is primarily related to the government’s measures to stabilize the economy and trade, as well as the policy to promote high-level opening.
Since the beginning of the year, local authorities have implemented policies to promote foreign trade. With their support, many Chinese companies go abroad to seek orders and partners. At the end of April, the government announced a set of measures, including the restoration of exhibitions, organizing direct negotiations between companies and potential customers, supporting exports through e-commerce and others. These measures are targeted, operational and they create new opportunities for the development of companies.
From June 2, the Regional Comprehensive Economic Partnership (RCEP) agreement will enter into force for all 15 member countries. The certificate of origin within the framework of RVIP is becoming more and more popular among companies, which will also facilitate the entry of Chinese into foreign markets.
Recently, the US and European countries have been raising their interest rates, adding to the pressure of a downturn in the global economy. Against this background, China’s foreign trade is facing relatively serious external challenges. But it should be noted that with the holding of a number of exhibitions, the facilitation of personal contacts and innovations in the commercial sphere, China’s foreign trade will show a stronger momentum, and this will help the further recovery of the national economy.
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