BEIJING :China's cabinet on Tuesday issued a plan to stabilise its vital trade sector, including supporting exports of automobiles and facilitating visas for overseas businessmen, as subdued global demand threatens its exports outlook.The move came after Chinese officials repeatedly warned of a severe and com
BEIJING :China's cabinet on Tuesday issued a plan to stabilise its vital trade sector, including supporting exports of automobiles and facilitating visas for overseas businessmen, as subdued global demand threatens its exports outlook.
As outbound shipment of electric vehicles spurred an unexpected surge in exports in March, the State Council , said, Chinese banks and their overseas branches were encouraged to offer financial support to car firms to help the latter expand on foreign turf. On exploring markets, the State Council asked Chinese embassies and consulates to step up support for small trade firms and urged major export-oriented provinces to play a key role in stabilising the sector.
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