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The Ministry of Commerce is about to introduce a new round of foreign trade enterprise support policy
At a regular press conference on the 17th, Shen Danyang, spokesperson for the Ministry of Commerce, highlighted that the ministry has recently issued guidelines aimed at promoting the growth of cross-border e-commerce. Additionally, comprehensive support policies for foreign trade enterprises are expected to be introduced soon. The Ministry is also 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 companies.
Analysts suggest that as China continues its expansion of openness, more policy measures supporting both foreign trade and foreign investment are likely to be rolled out in the coming months.
In the first three quarters of this year, China's imports and exports grew by 7.7%, nearly meeting the annual target. Shen Danyang noted that foreign trade is expected to maintain a steady growth trend in the fourth quarter. According to recent surveys conducted by the Ministry of Commerce and the General Administration of Customs, export volumes are projected to rise slightly over the next two to three months, while import growth is anticipated to remain strong in the coming months.
However, he also pointed out that China's foreign trade will face challenges, particularly due to weak demand in emerging markets and rising export costs driven by factors like the appreciation of the yuan and increasing labor expenses.
Regarding consumption trends, Shen outlined three key factors that could drive growth in the fourth quarter: improved macroeconomic indicators such as PMI, electricity usage, and freight volume; the emergence of new consumption hotspots like online shopping, lifestyle services, and holiday-related spending; and the gradual implementation of government policies aimed at expanding information, elderly care, health, and tourism consumption. These measures are expected to provide a favorable policy environment for sustained consumer growth.
Shen expressed confidence that as long as the domestic economy remains stable and these consumption initiatives continue to take effect, the consumer market will see continued growth throughout the year.
Notably, foreign direct investment (FDI) has seen eight consecutive months of positive growth this year. In September alone, actual foreign investment reached $8.84 billion, up 4.88% year-on-year (excluding data from banking, securities, and insurance sectors). From January to September, total actual foreign investment amounted to $88.6 billion, an increase of 6.22% compared to the same period last year.
Shen stated that since the start of the year, FDI has remained relatively stable and is gradually recovering. He expects the full-year FDI figure to remain steady.
Looking ahead, the Ministry of Commerce is actively working on introducing new policies to further support foreign trade and investment. In the area of foreign trade, the recent document on cross-border e-commerce development is part of broader efforts to boost trade momentum. Meanwhile, in terms of foreign investment, measures such as streamlining approval processes, shifting from a capital payment system to a subscription model, and simplifying business registration have already been implemented. The ministry is currently exploring deeper reforms to create a fairer and more transparent investment environment.
Additionally, the revision of the "three foreign laws" is expected to accelerate. The Shanghai Free Trade Zone has already implemented a negative list approach for foreign investment. The Ministry plans to assess the effectiveness of this model and revise the relevant laws accordingly, aligning them with China’s national conditions and building a more efficient foreign investment access and regulatory system.