Aerial photo taken on Dec. 5, 2021 shows the sunrise scenery of the Yangpu international container port at Yangpu economic development zone in south China's Hainan Province. (Xinhua/Pu Xiaoxu)
BEIJING, Feb. 23 (Xinhua) -- China is moving to step up support for export credit insurance as part of its efforts to spur the stable growth of foreign trade.
Regulators should guide enterprises to make full use of export credit insurance policy tools and give full play to the role of export credit insurance in risk protection, according to a circular jointly released by the Ministry of Commerce and the China Export & Credit Insurance Corporation.
The circular called for support to enterprises to deepen traditional export destinations and tap diversified markets, with a focus on providing credit insurance services for exports to countries along the Belt and Road, emerging markets, and free-trade zone partners.
Urging timely attention on the difficulties facing small and medium-sized trade firms, the circular stressed targeted efforts to expand insurance coverage and scale for them and cut their insurance costs.
It also detailed efforts to encourage the growth of emerging foreign trade models such as cross-border e-commerce and overseas warehouses.
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