China Introduces Policies to Shield Exporters from Renewed Trade Barriers
The measures aim to counter Donald Trump's proposed tariff hikes and bolster China's export sector amid global trade challenges.
- China's Commerce Ministry announced a nine-point plan to support exporters facing potential tariff increases from the incoming Trump administration.
- The policy includes expanding export credit insurance, increasing financing for international trade, and strengthening cross-border e-commerce efforts.
- China plans to boost exports of agricultural and specialty products while supporting imports of vital equipment and energy resources.
- The measures also emphasize stabilizing the yuan exchange rate and enhancing currency risk management for exporters.
- Experts view the policies as a proactive response to rising global trade tensions and a potential escalation in U.S.-China trade disputes.