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China will roll out new policies to stabilize foreign trade in a timely manner, focusing on helping trade companies prevent order risks and obtain financing, Gao Feng, spokesman for the Ministry of Commerce said Thursday.

MofCom will make better use of export credit insurance, provide credit enhancement and further expand export credit for private and exporters, said Gao.

However, exporters will be encouraged to reposition to reposition in the home market, then develop cross-border e-commerce and overseas warehouses, Gao added.

CHINA-EU

According to Gao, China and the European Union will push ahead with negotiations to conclude a China-EU investment agreement by the end of the year.

"In the 31st round of negotiations just ended last week, the two sides made significant progress on the textual issues of fair competition rules," said Gao, adding that the two countries will negotiate on the remaining text and market access issues.

Gao also said China and South Korea will hold a 24th Meeting of the Economic and Trade Joint Commission on Aug 1, China's first face-to-face meeting of the intergovernmental economic and trade cooperation since the outbreak of the coronavirus pandemic, Gao added.

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