Opinions of the General Office of the State Council of the People's Republic of China on Doing a Good Job in Cross-Cycle Adjustment to Further Stabilize Foreign Trade(国务院办公厅关于做好跨周期调节进一步稳外贸的意见)
State Office issued [2021] No. 57
The people's governments of all provinces, autonomous regions and municipalities directly under the Central Government, all ministries and commissions of the State Council, and all institutions directly under the Central Government:
At present, my country's foreign trade is faced with more uncertain, unstable and unbalanced factors, and the foundation of foreign trade operation is not solid. In order to thoroughly implement the spirit of General Secretary Xi Jinping's important instructions on keeping the economy operating within a reasonable range, implement the decisions and arrangements of the CPC Central Committee and the State Council, further expand opening up, make cross-cycle adjustments, help enterprises bail out, especially support small, medium and micro foreign trade enterprises, and strive to ensure Orders, stabilize expectations, and promote the stable development of foreign trade. With the approval of the State Council, the following opinions are hereby offered:
1. Tapping the potential of import and export
(1) Further play the leading role of overseas warehouses. Actively use the service trade innovation and development guidance fund to promote the high-quality development of overseas warehouses in accordance with policy guidance and market operation. Encourage financial institutions with cross-border financial service capabilities to increase financial support for traditional foreign trade enterprises, cross-border e-commerce and logistics enterprises in the construction and use of overseas warehouses under the premise of compliance with laws and regulations and controllable risks. (All local people's governments, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the State Administration of Foreign Exchange, the Development Bank, the Export-Import Bank, and the China Export & Credit Insurance Corporation shall be responsible according to the division of responsibilities)
(2) Do a good job in the import of bulk commodities. Actively safeguard the domestic supply of bulk commodities. Coordinate and ensure the stable operation of all links in the import of bulk commodities. (All local people's governments, the Ministry of Commerce, the National Development and Reform Commission, the Ministry of Transport, the State-owned Assets Supervision and Administration Commission, the General Administration of Customs, the Bureau of Grain and Reserve, and the Bureau of Energy shall be responsible according to the division of responsibilities)
(3) To tap the import potential of consumer goods. Further adjust and optimize the list of imported goods for cross-border e-commerce retail, expand import categories, and better meet diversified consumer needs. The promotion of the international consumption season will be held in a timely manner to drive the import of consumer goods. (The Ministry of Commerce, the National Development and Reform Commission, the Ministry of Finance, the General Administration of Customs, the State Administration of Taxation, and the State Administration for Market Regulation shall be responsible according to the division of responsibilities)
2. Guarantee the stability and smoothness of the supply chain of the foreign trade industry chain
(4) Ease the pressure on international logistics. Encourage foreign trade enterprises to sign long-term agreements with shipping enterprises. Guide all localities and importers and exporters associations to organize small, medium and micro foreign trade enterprises and shipping enterprises to conduct direct customer docking. Under the premise of compliance with laws and regulations and controllable risks, financial institutions shall be supported to use inclusive financial policies to provide inclusive financial support in logistics to eligible small and micro foreign trade enterprises. (The local people's governments, the Ministry of Transport, the Ministry of Commerce, the People's Bank of China, and the China Banking and Insurance Regulatory Commission shall be responsible according to the division of responsibilities.) Continue to strengthen the supervision of the international shipping field, and crack down on illegal and illegal charging and price gouging in accordance with the law. Investigate suspected monopolistic behavior in accordance with laws and regulations. On multilateral and bilateral occasions, we call for the smooth flow of international logistics. Improve the daily monitoring and emergency dispatch mechanism, and strengthen the coordination and cooperation between ports. (The State Administration for Market Regulation, the Ministry of Transport, the Ministry of Foreign Affairs, the Ministry of Commerce, and the General Administration of Customs shall be responsible according to the division of responsibilities)
(5) To cultivate a new batch of foreign trade innovation and development pilots. A number of cross-border e-commerce comprehensive pilot zones will be added. (The Ministry of Commerce, the Central Cyberspace Administration of China, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Transport, the People's Bank of Responsible) to cultivate a group of offshore trade center cities (regions) and support the innovative development of offshore trade. (The Ministry of Commerce, the People's Bank of China, and the State Administration of Foreign Exchange shall be responsible according to the division of responsibilities)
(6) Stabilize the development of processing trade. Strengthen the cultivation and construction of national processing trade industrial parks, deepen the cooperation and co-construction of the eastern, central and western, and northeastern regions, and encourage and support the development of key processing trade projects. Accelerate the cultivation and identification of a new batch of key undertaking sites and demonstration sites for the gradient transfer of processing trade, increase support, and play a leading role in demonstration and radiation. (The local people's governments, the Ministry of Commerce, the Ministry of Human Resources and Social Security, and the General Administration of Customs shall be responsible according to the division of responsibilities.) Temporary exemption from the collection of domestic sales tax for processing trade enterprises and deferred tax interest until the end of 2022, to stabilize the development of processing trade and reduce the burden on enterprises. (The Ministry of Finance, the General Administration of Customs, and the State Administration of Taxation shall be responsible according to the division of responsibilities)
(7) Cultivate double-circulation trade enterprises. Cultivate a group of internationally competitive trade double-circulation enterprises, and support trade double-circulation enterprises to strengthen innovation in key technologies and business models. Strengthen the supporting services for enterprises, and promote the solution of problems encountered by enterprises in developing domestic and foreign trade products of the same line, same standard and quality, expanding trade channels, and improving supply chain networks. (All local people's governments, the Ministry of Commerce, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation shall be responsible according to the division of responsibilities)
(8) Improve the level of trade liberalization and facilitation. Take the effective implementation of the Regional Comprehensive Economic Partnership (RCEP) as an important starting point for stabilizing foreign trade, make full use of market opening commitments and rules, and expand the comprehensive effect of cumulative rules in the origin region. (The Ministry of Commerce shall be responsible in conjunction with relevant departments) On the basis of strictly implementing the epidemic prevention and control requirements, all localities shall scientifically and accurately implement epidemic prevention and control measures according to the type of goods, origin, etc. Continue to optimize the business environment, and on the basis of ensuring effective supervision, further enhance the level of cross-border trade facilitation and reduce compliance costs in the import and export links. Continue to accelerate the progress of export tax rebates. In 2022, the average time for tax authorities to process normal export tax rebates will be reduced to less than 6 working days. Research and timely organize the strengthening of immunization against the new coronavirus vaccine for overseas employees of Chinese-funded enterprises to help enterprises carry out economic and trade activities overseas. (All local people's governments, the Ministry of Foreign Affairs, the Ministry of Commerce, the Health and Health Commission, the State-owned Assets Supervision and Administration Commission, the General Administration of Customs, and the State Administration of Taxation shall be responsible according to the division of responsibilities)
(9) Accelerate the promotion of trade adjustment assistance. Support all localities in establishing and improving trade adjustment assistance systems based on local conditions, actively carry out trade adjustment assistance work, and help stabilize industrial and supply chains. (All local people's governments, the Ministry of Commerce, the Ministry of Industry and Information Technology, the Ministry of Finance, the Ministry of Human Resources and Social Security, and the Ministry of Agriculture and Rural Affairs shall be responsible according to the division of responsibilities)
3. Stabilize market players and guarantee orders
(10) Consolidate and enhance the role of export credit insurance. Under the premise of compliance with laws and regulations and controllable risks, further optimize export credit insurance underwriting and claims conditions, strengthen product linkage, support the integrated development of domestic and foreign trade, actively expand industrial chain underwriting, expand the coverage and scale of underwriting for small, medium and micro foreign trade enterprises, and increase Large-scale guarantees for small, medium and micro foreign trade enterprises, the risk of cancellation of orders before shipment, etc., as well as support for new formats such as cross-border e-commerce and overseas warehouses. (The Ministry of Finance, the Ministry of Commerce, the China Banking and Insurance Regulatory Commission, and China Export & Credit Insurance Corporation shall be responsible according to the division of responsibilities)
(11) Continue to cultivate and develop the policy financing business under short-term insurance. Encourage and guide banking institutions to innovate products such as policy financing based on the needs of foreign trade enterprises, and focus on alleviating the difficulty and expensive financing of small, medium and micro foreign trade enterprises. Where conditions permit, "re-loan + policy financing" can be used to provide financing support to small and micro foreign trade enterprises. (All local people's governments, the Ministry of Finance, the Ministry of Commerce, the People's Bank of China, the China Banking and Insurance Regulatory Commission, and China Export & Credit Insurance Corporation shall be responsible according to the division of responsibilities)
(12) Do a good job in foreign trade credit issuance. Give full play to the role of various financial institutions, carry out product and service innovation under the premise of compliance with laws and regulations and controllable risks, and further increase credit support for foreign trade enterprises, especially small and medium-sized foreign trade enterprises, in accordance with the principle of marketization. (The Ministry of Finance, the Ministry of Commerce, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the Development Bank, and the Export-Import Bank shall be responsible according to the division of responsibilities.) Encourage large key foreign trade enterprises to share information with financial institutions, strengthen cooperation, and promote large key foreign trade enterprises to increase credit for upstream and downstream enterprises, In the context of real transactions, guide financial institutions to provide supply chain financial products to upstream and downstream enterprises of large key foreign trade enterprises. (All local people's governments, the Ministry of Finance, the Ministry of Commerce, the People's Bank of China, the China Banking and Insurance Regulatory Commission, the Export-Import Bank of China, and China Export & Credit Insurance Corporation shall be responsible according to the division of responsibilities)
(13) Improve the ability of foreign trade enterprises to deal with exchange rate risks. Keep the RMB exchange rate basically stable at a reasonable and balanced level. Banking institutions are encouraged to carry out forward foreign exchange settlement and sales business for eligible small and micro foreign trade enterprises based on the credit status of customers under the premise of compliance with laws and regulations and controllable risks. Encourage banking institutions to further develop forward foreign exchange settlement and sales business for small, medium and micro foreign trade enterprises. Strengthen publicity and training, support and guide foreign trade enterprises to establish exchange rate risk neutral awareness, and enhance foreign trade enterprises' awareness and ability to avoid exchange rate risks. (All local people's governments, the Ministry of Finance, the Ministry of Commerce, the People's Bank of China, the State-owned Assets Supervision and Administration Commission, the China Banking and Insurance Regulatory Commission, and the State Administration of Foreign Exchange shall be responsible according to the division of responsibilities)
(14) Actively and steadily promote RMB cross-border trade settlement. Expand the cross-border use of RMB under the current account. Further improve the arrangement of RMB clearing banks, and steadily advance the construction and promotion of the RMB cross-border payment system. (The People's Bank of China, the National Development and Reform Commission, the Ministry of Commerce, and the State-owned Assets Supervision and Administration Commission shall be responsible according to the division of responsibilities)
(15) Further stabilize employment in foreign trade. For enterprises exporting labor-intensive products such as textiles, clothing, furniture, shoes and boots, plastic products, luggage, toys, stone materials, ceramics, and advantageous and characteristic agricultural products, all localities should implement various policies and measures to reduce the burden, stabilize jobs and expand employment, in order to comply with the WTO By organizing rules, we will increase policy support for export credit and export credit insurance. Support local human resources and social security and commerce departments to strengthen collaboration, and study and establish a fixed-point regular monitoring mechanism for employment in the field of foreign trade. (All local people's governments, the Ministry of Commerce, the Ministry of Human Resources and Social Security, the National Development and Reform Commission, the Ministry of Industry and Information Technology, the Ministry of Finance, the People's Bank of )
Fourth, strengthen the organization and implementation
All regions and relevant departments should follow the guidance of Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era, conscientiously implement the decisions and arrangements of the CPC Central Committee and the State Council, and attach great importance to making cross-cycle adjustments, especially to stabilize the expectations of small, medium and micro foreign trade enterprises, and earnestly support them. Foreign trade enterprises have cut costs, implemented measures such as tax and fee reductions, continued to rectify problems such as arbitrary charges and fines, and took multiple measures to stabilize foreign trade. All regions should introduce targeted support measures based on the actual situation, carefully organize their implementation, and promote the implementation of various policies and measures in their respective regions. The Ministry of Commerce shall, in conjunction with relevant departments, strengthen policy guidance, organize and guide places where conditions permit to establish and improve the foreign trade monitoring and early warning system, closely track and analyze changes in the situation, and study and solve new problems. All relevant departments should, in accordance with the division of responsibilities, strengthen coordination, form synergy, and ensure that various policies and measures are implemented in place.
Office of the State Council
December 29, 2021
(There is modification on the original document to publish this article by China )
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