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Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

China introduces new measures to support foreign trade

November, 21 2024
watermark Economic news

The Chinese authorities are concerned about Trump's latest statements about imposing tariffs of more than 60% on all Chinese goods. This can lead to a significant decrease in exports from the country and negatively affect economic growth. 


With slowing domestic demand and a downturn in the real estate market, trade remains one of the few drivers of the Chinese economy.


The Chinese Ministry of Commerce has announced increased financial support for exporters, and also plans to encourage banks to provide more tools for managing currency risks. 


In addition, China plans to expand the export of agricultural products and support the import of equipment and energy resources. 


The government promises to assist companies in overcoming trade restrictions from other countries and creating a favorable external environment for exports.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.