Latest News:  
Beijing   Overcast/Sunny    24 / 12 ℃  City Forecast

English>>China Business

Measures target economic growth

By Li Jiabao (China Daily)

08:08, September 13, 2012

The State Council on Wednesday announced a series of measures to stabilize foreign trade growth following lackluster trade figures in recent months, in the government's latest move to boost economic growth amid the global economic turmoil.

"First, we will speed up tax rebates for exporters and make sure that they get the rebates accurately and promptly," the State Council said in a statement released after an executive meeting presided by Premier Wen Jiabao.

The government will also expand the range of export credit insurance and reduce financing costs, while urging commercial banks to enhance trade financing for small and micro-sized companies, and increase credit to qualified exporters, the statement said.

Export-related insurance companies are being told to widen service coverage, and especially to provide services to small and micro-sized exporters. Short-term services to small and medium-sized businesses are also being encouraged to help them tap overseas markets, it said.

Administrative procedures, such as inspections and quarantines, will be simplified and the related costs will be lowered from next year in order to improve efficiency and lower costs during customs clearance.

The government said it will also properly defend exporters against trade frictions, while launching trade remedy investigations to protect domestic industries. Companies are being urged to make full use of regional and sub-regional cooperation mechanisms and effective free trade agreements.

China will also expand imports, particularly those of advanced-technology equipment, key components and consumer goods, to support the technological upgrade process of companies and strengthen balanced trade.

【1】 【2】

News we recommend:
Banks need to transform to boost margins Consumer finance set to boom in China Ailing steel industry cheered by construction projects
Chinese firms ramp up presence in Thailand Mixed outlook on cost of homes Joining the 500 Club
Energy conservation: A new investment opportunity  Stronger Sino-US trade links vital Steel producers face bleak months ahead


Leave your comment0 comments

  1. Name


Selections for you

  1. Ground air defense forces conduct live-fire drill

  2. North Korea’s Kim, wife inspect physical exercise center

  3. Chinese firms ramp up presence in Thailand

  4. Sexy actress Lan Yan's 3-D bikini photos

  5. Vietnam --- traveled through time

  6. Kelly Brook Calendar 2013

Most Popular


  1. What Chinese want to read
  2. It's now time to re-tool the 'world's factory'
  3. Commentary: Asia-Pacific integration
  4. Japan shouldn't underrate Diaoyu issue's severity
  5. Discard illusion of friendly ties with Japan
  6. Commentary: EU needs to think big, like APEC
  7. Green economy should not be used as political card
  8. Hongkongers remain confused over identity
  9. 9/11 attack spurred mistaken wartime strategy
  10. Japan lost at sea among shifting priorities

What's happening in China

Weather hampers quake-relief efforts

  1. Incentives to boost HK, mainland ties
  2. Court accepts bomber family's lawsuit
  3. Hunan denies testing GM food on children
  4. Red Cross gets $6.3m of donations over last 2 yrs
  5. Rail tickets soon can be bought on smartphones

China Features

  1. Kim Jong Un, wife inspect Pyongyang Folk Park
  2. China forecasts weather on Diaoyu Islands
  3. PD: APEC members should promote free trade
  4. Miss World Eco-tourism 2012 crowned in Nanjing
  5. 'Voyager of the Seas' sets sail from Tianjin

PD Online Data

  1. Ministry of Water Resources
  2. Ministry of Railways
  3. People's Bank of China
  4. Ministry of Health
  5. Ministry of Culture