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China to Boost Trade by Cutting Costs of Exporters: Official

CHINA PRESS
MNI (Beijing)

China will seek to protect exports by targeted measures that help exporters manage higher costs and declining profits, the China Securities Journal reported citing Assistant to the Minister of Commerce Ren Hongbin. Chinese exporters are facing higher costs in freight, raw materials and labour, while a more volatile yuan threatens profits and weakens exporters' confidence in accepting orders, the newspaper cited Ren as saying. The commerce ministry will closely monitor the economic situation. increase policy support, and strengthen cooperation with the Belt and Road countries, Ren was cited as saying.

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