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China introduces new measures to support foreign trade

November, 21 2024
watermark Economic news

The Chinese authorities are concerned about Trump's latest statements about imposing tariffs of more than 60% on all Chinese goods. This can lead to a significant decrease in exports from the country and negatively affect economic growth. 


With slowing domestic demand and a downturn in the real estate market, trade remains one of the few drivers of the Chinese economy.


The Chinese Ministry of Commerce has announced increased financial support for exporters, and also plans to encourage banks to provide more tools for managing currency risks. 


In addition, China plans to expand the export of agricultural products and support the import of equipment and energy resources. 


The government promises to assist companies in overcoming trade restrictions from other countries and creating a favorable external environment for exports.


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Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.