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The Ministry of Commerce is about to introduce a new round of foreign trade enterprise support policy
Shen Danyang, a spokesperson for China's Ministry of Commerce, highlighted at a press briefing on the 17th that the department has recently released guidelines aimed at boosting cross-border e-commerce. Additional comprehensive support policies for foreign trade companies are also expected to be rolled out soon. In addition, the ministry is actively exploring further reforms to the foreign investment management system, with the goal of creating a more equitable, transparent, and standardized competitive environment for all market participants, including foreign-invested enterprises.
Analysts suggest that as China continues its broader opening-up strategy, a series of policy measures supporting foreign trade and investment are likely to follow in the coming months.
In the first three quarters of the year, China’s total imports and exports grew by 7.7%, nearing the annual target for foreign trade growth. Looking ahead, Shen Danyang expressed confidence that foreign trade would maintain a steady upward trend in the fourth quarter. According to recent surveys conducted by the Ministry of Commerce and the General Administration of Customs, exports are expected to see a modest increase in the next two to three months, while imports are anticipated to continue growing significantly.
However, Shen also noted that China's foreign trade will face challenges in the near term, particularly due to weak import demand in emerging markets and rising export costs driven by factors such as the appreciation of the yuan and increasing labor expenses.
Regarding consumption trends, Shen pointed out that three key factors are expected to support growth in the fourth quarter. First, improved economic indicators like PMI, electricity usage, and freight volumes indicate a better macroeconomic environment, which should boost consumer confidence. Second, new consumption trends such as online shopping, service-based consumption, and holiday-related spending are gaining momentum. Third, recent government initiatives promoting information consumption, elderly care, health services, and tourism are beginning to take effect, offering a favorable policy backdrop for sustained consumption growth.
Shen believes that as long as the domestic economy remains stable and these consumption policies continue to be implemented effectively, retail activity is expected to rise steadily during the fourth quarter, ensuring continued growth in the overall consumer market throughout the year.
Notably, foreign direct investment (FDI) has shown positive growth for eight consecutive months this year. In September alone, actual foreign investment reached $8.84 billion, representing a 4.88% year-on-year increase (excluding data from banking, securities, and insurance sectors). From January to September, the total actual use of foreign capital amounted to $88.6 billion, up 6.22% year-on-year.
Shen emphasized that since the start of the year, China’s foreign investment has remained relatively stable and has gradually rebounded. It is expected that the total volume of foreign investment for the entire year will remain largely unchanged.
Looking ahead, the Ministry of Commerce is preparing to introduce new measures in both foreign trade and investment areas. On the foreign trade front, the release of a document promoting cross-border e-commerce and upcoming support policies for foreign trade enterprises are seen as important steps to strengthen trade momentum.
In terms of foreign investment, several facilitation measures have already been introduced, including streamlining approval processes, shifting from a paid-in capital system to a subscription model, and simplifying business registration procedures. The ministry is currently working on deeper reforms to the foreign investment management system, aiming to create a fairer and more transparent business environment.
Additionally, the revision of the "three foreign laws" is expected to accelerate. The Shanghai Free Trade Zone has already implemented a negative list model for foreign investment, and the Ministry of Commerce plans to assess its effectiveness before updating the relevant laws and establishing best practices for future implementation. These efforts aim to align with China’s national conditions and improve the foreign investment access and regulatory framework.