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Govt to channel financing support to exporters

  • Author:Shirley Li
  • Source:www.chinatrucksupplier.com
  • Release on :2016-04-22
Govt to channel financing support to exporters
   

The country will provide more financing support and other favorable policies to export enterprisesto boost foreign
trade amid sluggish global demand.

Financial institutions were encouraged to provide loans to export enterprises that have neworders and earnprofits,
according to an executive meeting of the State Council on Wednesdaypresided over by Premier Li Keqiang.


 

More export-credit insurance financing will be provided to exporters, and short-term export creditinsurance will be
 increased for them, a statement released after the meeting said. Meanwhile,export tax rebate rates will be raised
for some machinery and electronic products.

For the first time during the past 10 years, the 2016 Government Work Report, delivered lastmonth by Li, did not
set a growth target for foreign trade, indicating that the sector has undergonedifficulties.


Meanwhile, new business models will be encouraged to boost foreign trade. More pilot projectswill be conducted to
expand cross-border e-commerce, and the government will endorseenterprises to provide comprehensive foreign trade
services such as establishing overseaswarehouses. In addition, the country will cultivate independent brands for foreign
 trade.

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manufacturing all kinds of trucks,such as water truck,fire truck,wrecker tow truck ,trailer truck, food truck etc.

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