China issues measures to accelerate integrated development of domestic, foreign trade

This aerial photo shows cars to be loaded for export at Yantai Port in east China's Shandong Province, May 9, 2023. (Photo by Tang Ke/Xinhua)

BEIJING, Dec. 11 (Xinhua) -- China's State Council has issued a series of measures to accelerate the integrated development of domestic and foreign trade.

This acceleration is essential for the construction of a new development pattern and the promotion of high-quality development, and it also plays an important role in the promotion of economic development, the expansion of domestic demand and the stabilization of enterprises, according to the State Council.

The measures will improve the alignment of domestic and foreign trade rules and systems, including supervision, the convergence of standards and the facilitation of smooth domestic and foreign trade resource flows.

The measures will also promote the coordination of domestic and foreign market channels, improve the environment for the integrated development of domestic and foreign trade, and accelerate integrated development in key areas, the State Council said.

China will also strengthen fiscal and financial support for the integrated development of domestic and foreign trade, it added.