China’s Commerce Ministry: Foreign trade faces high risks, difficulties, and uncertainties

 An official from China’s Commerce Ministry shed light on the country’s foreign trade situation, in his appearance on Friday.

Key quotes

China’s foreign trade faces high risks, difficulties, and uncertainties.

Will step up support for export credit insurance in H2.

Will expand imports actively, ensure domestic commodity supply.

Will study targeted measures for foreign trade.

Market reaction

The Chinese yuan is unperturbed by the above headlines, with USD/CNY trading flat on the day at 6.7453, as the press time.