Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Credit
Economy

China to enhance domestic sales of export enterprises

June 23, 2020


Abstract : China will support export firms selling products in the domestic market by easing market access, expanding sales channels, and strengthening financial assistance to help them through difficulties and stabilize foreign trade.

BEIJING, June 23 (Xinhua) -- China will support export firms selling products in the domestic market by easing market access, expanding sales channels, and strengthening financial assistance to help them through difficulties and stabilize foreign trade.

This year, the country will offer domestic market access to products originally made for export only if they meet certain technical standards. The government will also simplify the procedures for compulsory certification of the relevant products, according to a guideline released by the State Council.

Firms will be encouraged to make products for export and domestic sales on the same production line, to the same standards and of the same quality, to reduce production costs and facilitate trade transformation.

Domestic sales platforms will be established for the firms by setting up export product zones at online shopping festivals, and organizing promotions at major shopping streets. Facilitating direct purchases by big commercial firms in the country, and attracting domestic buyers at major trade fairs are additional measures that will be taken, said the guideline.

Efforts will be made to connect export firms with the country's new infrastructure and new urbanization initiatives, as well as major projects. This will assist companies in enhancing collaborative innovations in the industrial chain, adjust industrial structure, and accelerate technological upgrades.

The guideline emphasized measures to help firms develop marketable domestic products, create their own brands, make full use of new business modes, and embrace the integration of online and offline development to meet the demand of consumption upgrades in the country.

To step up financial assistance to export firms, financial institutions are encouraged to improve supply chain financing services and strengthen operational credit support for the firms. Enditem

Scan the QR code and push it to your mobile phone

Keyword: domestic consumption export enterprises

Reading:

Shanghai North Bund works on headquarters economy, setting new benchmark for development

​China's internet banks embrace favorable policies

INE kicks off trading of low sulfur fuel oil futures contracts Mon.

Explain the Maritime Silk Road

Chinese authorities call for eliminating excess capacity in coal, coal power and steel industries

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial