China unveils new measures to support exports amid US President-elect Trump’s tariff threats.
In response to US President-elect Donald Trump’s proposed tariff hikes, China has introduced a series of new measures to bolster its export sector. These initiatives aim to counter “unreasonable foreign trade restrictions” and ensure a favourable environment for exports.
According to China’s commerce ministry, the measures will aid companies in handling trade challenges while promoting foreign trade stability and economic recovery. The nine-point plan includes expanding export credit insurance and increasing financial support for international trade businesses.
Additionally, China plans to enhance its e-commerce sector and strengthen cross-border trade. Specialised exports, such as agricultural goods, will also receive support, alongside the importation of critical equipment and energy. The ministry further emphasized expanding visa-free entry to facilitate personnel exchanges. With growing trade tensions globally, experts, including Zhang Zhiwei from Pinpoint Asset Management, view these measures as a strategic move to equip Chinese exporters for future trade disputes.
