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The Ministry of Commerce held a regular press conference recently. Since 2022, China's foreign trade has withstood multiple pressures at home and abroad and achieved stable operation on the whole, Said Ministry of Commerce spokesperson Shu Jutting at the press conference. In yuan terms, imports and exports grew 8.3% year on year in January-May, and are expected to maintain high growth in June.

Shu said that based on recent surveys of some localities, industries and enterprises, uncertainties and unstable factors have increased in China's foreign trade development in the second half of 2022, and the situation remains complex and grim. In terms of external demand, due to geopolitical conflicts and accelerated monetary tightening in some developed economies, global economic growth may slow down, and the prospect of trade growth is not optimistic. From the domestic point of view, in the second half of the year, the foreign trade base is significantly higher, the overall cost of enterprises is still high, it is still difficult to receive orders to expand the market.

At the same time, there are still many favorable conditions for ensuring stability and improving the quality of foreign trade in 2022, Shu said. First, China's foreign trade industry enjoys a solid foundation and its long-term positive fundamentals remain unchanged. Second, various policies to stabilize foreign trade will continue to deliver results. Local governments have further coordinated epidemic prevention and control with economic and social development, optimized and refined policies and measures, and stimulated the resilience and vitality of the foreign trade industry. Third, new energy and other sectors are expected to continue to contribute to the growth in the second half of 2022.

Beam Jue d. said, the next step, the Ministry of Commerce is going to be all localities and all relevant departments to carry out the good stable foreign trade policy measures, bao tong bao chang from promoting foreign trade field, increasing the fiscal and taxation financial support, help enterprises to grasp order market, a stable foreign trade industry chain supply chain aspects of continuous, continue to support enterprise with foot with good related policies and measures, help the steady and healthy development of foreign trade enterprises. To be specific, one is to help enterprises reduce comprehensive costs, make good use of export credit insurance tools, and improve the ability to receive orders and fulfill contracts; Second, support enterprises to actively participate in various exhibitions, consolidate traditional markets and existing customers, and actively explore new markets; Third, we will encourage enterprises to improve their innovation capacity, actively adapt to changes in overseas consumers' demand, and improve the quality and upgrade of foreign trade.

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