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On March 6, China¡¯s Minister of Commerce, Wang Wentao, announced a series of new policies to support foreign trade enterprises amid global uncertainties. From cross-border e-commerce to service trade, and from financial support to exhibition opportunities, the Ministry of Commerce (MOFCOM) is rolling out a comprehensive package to help businesses stabilize orders and expand markets.

Key Policy Highlights

1. Dynamic Policy Adjustments
   Wang emphasized that MOFCOM has already implemented a range of policies to stabilize foreign trade, with local governments rapidly executing these measures. New policies will be introduced as needed to ensure businesses ¡°have orders to fulfill and paths to follow.¡±

2. Cross-Border E-Commerce and Service Trade as New Engines

• Cross-Border E-Commerce: MOFCOM will establish new comprehensive pilot zones for cross-border e-commerce and support the construction of overseas warehouses, enabling businesses to sell globally more efficiently.

• Service Trade: The service trade sector, especially knowledge-intensive services, will see significant growth. MOFCOM plans to implement a negative list for cross-border service trade and create more open platforms.

3. Three-Pronged Support: Financing, Exhibitions, and FTAs

• Financing: MOFCOM will expand export credit insurance coverage and guide financial institutions to increase funding support.

• Exhibitions: Events like the China International Import Expo (CIIE) and the Canton Fair will serve as key platforms for businesses to go global.

• Free Trade Agreements (FTAs): More FTAs will be signed, opening new markets for Chinese enterprises.

How These Policies Help Chinese Global Trade Players

• Policy Support: Businesses gain confidence to navigate complex international environments.

• Cross-Border E-Commerce: New channels and lower costs make it easier to sell globally.

• Service Trade: Knowledge-intensive services become a new growth driver, enhancing competitiveness.

• Financial Support: Export credit insurance and funding ease financial pressures.

• Exhibition Opportunities: More platforms and FTAs simplify market expansion.

Conclusion
MOFCOM¡¯s initiatives provide a solid foundation for Chinese businesses to thrive in the global market, seize new opportunities, and ride the waves of international trade with confidence.