Premier Li Keqiang chaired a State Council executive meeting on October 23, 2019 to introduce more measures to keep foreign trade stable and improve the quality of exports and imports, facilitate cross-border trade and investment, and enhance foreign exchange management.
The meeting decided to further improve policies of export tax rebates, trade financing and credit insurance, and ensure the cross-border e-commerce retail import policies to be fully applied in comprehensive bonded zones step by step. Meanwhile, efforts have to be made to facilitate the building of a high-standard free trade zone network and lift the level of trade facilitation. The meeting also confirmed 12 measures to optimize foreign exchange management and promote cross-border trade and investment facilitation.