China National Radio:

Regarding the China-U.S. trade frictions, is there any evaluation or estimation made by the Ministry of Commerce on their influences on China's foreign trade this year? What are the influences? Thank you.

Fu Ziying:

According to China's Customs, from January to August, the total value of China's imports and exports was US$3.02 trillion, increasing 16.1 percent. Specifically, the value of exports was US$1.6 trillion, increasing 12.2 percent; the value of imports was US$1.41 trillion, increasing 20.9 percent.

The figures show that China's import and export have remained stable with a growing momentum. The structure has further improved. The quality and performance are also good. This indicates that in the past few years, China's economic reform with its focus on the supply side, and China's active implementation of opening-up policies and measures have enhanced the competitiveness of Chinese enterprises in the world. Despite the trade frictions, the stable and growing momentum has remained.

Presently, the trade frictions are complicated and keep worsening. Foreign-invested enterprises are faced with a more adverse international environment. How to keep Chinese economy running healthily and steadily under this circumstance? The key is to keep foreign trade stable.

Not long ago, the Chinese central government pondered on a series of policies and measures to keep foreign trade stable and help enterprises to weather the storm. One thing for sure is that these policies and measures will strictly conform with WTO rules.

For instance, we may further increase the export tax rebate rates. Previously, the VAT paid by enterprises for exporting goods were not fully paid back. Now, we are considering following international convention to fully return the VAT of some. There is another example. Enterprises are usually faced with certain risks when entering emerging markets. Therefore, we will follow international conventions to provide exporting enterprises more export credit tools, thus to reduce the risks they are faced with.

These measures will be launched soon. I believe, as long as we stick to economic globalization and international trade liberalization, and we safeguard multilateral trade system and international trade orders, no one can stop the economic and trade cooperation between Chinese enterprises and all the other countries in the world. China is willing to work together with all the other countries to build a community with a shared future for mankind, and to build an open, inclusive, clean and beautiful world that enjoys lasting peace, universal security and common prosperity. Thank you.

Guo Weimin:

If you have more questions, you can contact us via fax and e-mail. We will organize more press conferences and interviews to meet your needs. Now, the press conference is over. Thank you.

By Li Xiaohua, Chen Xia, Guo Xiaohong, Guo Yiming, Zhang Rui, Wu Jin, Zhang Jiaqi, Li Huiru, Wang Yanfang, Li Jingrong, Li Yang, Yang Xi, Gong Yingchun, Zhang Liying, Li Xiao, Ma Yujia, Zhou Jing, Yuan Fang, Zhang Junmian, He Shan, Christopher Georgiou, Geoffrey Murray.

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