China will go all out to stabilise imports and exports as its foreign trade still faces instability and uncertainty, according to China's Ministry of Commerce (MOC) on 8 April 8 2021.
Besides the risks of the epidemic, unstable global supply chains, and complex international situations, micro-entities face challenges like high sea-freight rates, rising raw material prices, and labour shortage. So said MOC spokesperson Gao Feng at a press briefing.
He added the MOC would closely monitor the situation and keep its policies consistent, stable, and sustainable.
The ministry will improve the country's trade policies and continue supporting the enterprises by reducing their costs and improving efficiency.
It will also actively cooperate with relevant departments to increase high-quality product and service imports, said the MOC.
China's ports reported rising cargo throughput in Q1, while the nation's crude steel output rose 24% in mid-February 2021 - from a low comparison base.
Reporting by ChinaFastener.com, additional commentary from Torque Magazine.
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