MofCOM to support domestic sales of export-oriented domestic

Minister of Commerce Zhong Shan said at a news conference held by the State Council ’s new office this morning that recent policies have shown that some policy measures are working for enterprises.

Minister of Commerce Zhong Shan said at a news conference held by the State Council ’s new office this morning that recent policies have shown that some policy measures are working for enterprises.

For example, the speed of export tax rebates has accelerated. It used to be more than ten days, but it is now shortened to about a week, which is conducive to the funding of enterprises.

The second is to expand the scale of corporate credit, and the government will help companies solve the problem of funding difficulties. The government will expand the coverage of credit insurance, and now China Export & Credit Insurance has provided aids to 110,000 enterprises.

Most of the foreign trade enterprises used to export only. Now, after the export channels are blocked, the government supports them to turn products to domestic sales.

The domestic sales of export enterprises increased by 17% in April, which shows that high-quality foreign trade products are also welcomed by domestic consumers.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/19/mofcom-to-support-domestic-sales-of-export-oriented-domestic/.

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