Textile & Apparel
Textiles
China announces new measures to promote foreign trade
Nov 23, 2024
Insights
- To boost foreign trade and economic recovery, China has introduced measures, including financial and insurance support for SMEs like ‘little giants’ and ‘hidden champions’.
- Initiatives focus on e-commerce, green trade, and visa policies, alongside aligning with global logistics.
- In 2024, China’s trade grew 5.2 per cent to 36.02 trillion yuan, with exports up 6.7 per cent.