Textile Clothing Is Named, Stabilize Foreign Trade, Stabilize "15 Items" Of Foreign Capital, Further Stabilize The Industrial Chain Supply Chain

Recently, the general office of the State Council issued the opinions on further stabilizing foreign trade and foreign investment (hereinafter referred to as the opinions).

The opinions pointed out that the current international epidemic situation continues to spread, the world economy is in serious recession, and China's foreign trade and foreign investment are facing a complex and severe situation. It is necessary to thoroughly implement the spirit of General Secretary Xi Jinping's important instructions on stabilizing the basic market of foreign trade and foreign investment, implement the decision-making and deployment of the Party Central Committee and the State Council, do a good job of "six stability" and implement the "six guarantees", further strengthen the work of stabilizing foreign trade and foreign investment, stabilize the main body of foreign trade and stabilize the supply chain of industrial chain.

The opinions put forward 15 policies and measures to stabilize foreign trade and foreign investment, among which, it is specially mentioned that support for labor-intensive enterprises should be increased. For export enterprises of labor-intensive products such as textiles, clothing, furniture, shoes and boots, plastic products, bags, toys, stones, agricultural products, consumer electronics and other labor-intensive products export enterprises, we will further increase support on the basis of implementing various inclusive policies, such as tax reduction and fee reduction, export credit, export credit insurance, stable employment, electricity and water use.

Main contents of the opinions

First, we will increase fiscal, tax and financial support. We should give better play to the role of export credit insurance and actively protect the risk of cancellation of orders before shipment. Support conditional local replication or expansion of the "SINOSURE + guarantee" financing mode. Provide credit enhancement support for foreign trade enterprises in various ways. We will further expand export credit to small and medium-sized foreign trade enterprises. Financial support should be given to key foreign-funded enterprises, and the special amount of refinancing and rediscount is equally applicable to foreign-funded enterprises. We will lower the threshold for foreign R & D centers to enjoy preferential policies, and encourage foreign investors to invest in establishing R & D centers in China.

The second is to develop new trade patterns and models. A new batch of market procurement trade mode pilot projects will be added to expand the total amount to about 30, support cross-border e-commerce platform, cross-border logistics development and overseas warehouse construction, etc., and strengthen the Credit Cultivation of foreign trade comprehensive service enterprises. We will expand online channels for foreign trade, promote "one country, one exhibition online", support small and medium-sized foreign trade enterprises to open up markets, and help export enterprises connect with more overseas buyers.

The third is to improve the level of customs clearance and personnel exchanges. We will further promote the standardization and reduction of the compliance costs of import and export links, promote the "one-stop sunshine price" of port charges at ports where conditions permit, and increase the consultation service for technical and trade measures. Under the premise of strictly implementing the epidemic prevention requirements, we will continue to negotiate with relevant countries to establish "fast track" to facilitate personnel exchanges, increase the total number of international passenger flights in stages, and appropriately increase the number of civil aviation flights with China's main sources of investment.

Fourth, support key industries and enterprises. We should guide the gradient transfer of processing trade and cultivate a number of processing trade industrial parks jointly built by the eastern, central, Western and northeast regions. We will further increase support for export enterprises of labor-intensive products. "One enterprise, one policy" helps large-scale backbone foreign trade enterprises solve problems. We will treat key foreign-funded projects equally and increase land use and other service guarantees. We will promote the facilitation of the management and service of high-tech enterprises, and encourage more foreign investment in high-tech industries.

According to the opinions, all regions should combine the actual situation, improve the supporting measures, seriously organize the implementation, and promote the implementation of various policies in the region. All departments should work together to ensure the implementation of policies and cooperation.

Interpretation of opinions

These 15 measures include: giving full play to the role of export credit insurance and actively protecting the risk of cancellation of orders before shipment; supporting local governments to copy or expand the financing mode of "SINOSURE + guarantee" where conditions permit; providing credit enhancement support for foreign trade enterprises in various ways; further expanding export credit for small and medium-sized foreign trade enterprises; providing financial support for key foreign-funded enterprises, The special amount of refinancing and rediscount is equally applicable to foreign-funded enterprises; it supports cross-border e-commerce platform, cross-border logistics development and overseas warehouse construction; it increases the total number of international passenger flights in stages, and moderately increases the civil aviation flights with China's main investment source; treats key foreign-funded projects equally, and increases the service guarantee of land use.

Bai Ming, deputy director of the International Market Research Institute of the Research Institute of the Ministry of Commerce, believes that increasing fiscal, tax and financial support is to empower the domestic and international dual cycle. "There are many overlaps in the work of stabilizing foreign trade and foreign investment. Stabilizing foreign investment is conducive to creating a good business environment, allowing foreign trade enterprises to better participate in the international industrial chain, and realizing the benign interaction of two cycles." Bai Ming said.

At present, the international epidemic continues to spread, the world economy is in serious recession, and China's foreign trade and foreign investment are facing a complex and severe situation. Zhang Lianqi, member of the Standing Committee of the National Committee of the Chinese people's Political Consultative Conference and vice president of the China tax society, believes that four measures should be in place to stabilize foreign trade, foreign investment, foreign trade entities and industrial chain supply chain: fiscal and tax support policies should be in place; export credit insurance should be fully used; new business models should be promoted, especially cross-border e-commerce logistics; business environment including customs clearance facilitation should be optimized; and key industries should be focused Key enterprises should be in place.

General Office of the State Council

Suggestions on further stabilizing foreign trade and foreign investment

GBF [2020] No.28

To the people's governments of all provinces, autonomous regions and municipalities directly under the central government, all ministries and commissions under the State Council and organs directly under the State Council:

At present, the international epidemic continues to spread, the world economy is in serious recession, and China's foreign trade and foreign investment are facing a complex and severe situation. In order to thoroughly implement the spirit of General Secretary Xi Jinping's important instructions on stabilizing the basic market of foreign trade and foreign investment, implement the decision-making and deployment of the Party Central Committee and the State Council, do a good job in the "six stability" work, implement the "six guarantees" task, further strengthen the work of stabilizing foreign trade and foreign investment, stabilize the main body of foreign trade and stabilize the supply chain of industrial chain, with the consent of the State Council, the following opinions are put forward:

1. Give better play to the role of export credit insurance. Under the premise of controllable risk, China export credit insurance company actively protects the risk of order cancellation before shipment. Before the end of 2020, China export credit insurance company may reasonably change the payment period of short-term insurance or extend the grace period of payment and the period of reporting loss according to the application of foreign trade enterprises. (the Ministry of finance, the Ministry of Commerce, the CIRC and the China export and Credit Insurance Corporation shall be responsible according to the division of responsibilities)

Second, support conditional local replication or expansion of the "SINOSURE + guarantee" financing mode. Local governments should be encouraged to support government financing guarantee institutions to participate in risk sharing, guarantee the loan principal in a certain proportion other than the compensation amount of export credit insurance, and commercial banks should reasonably determine the loan interest rate under the condition of "credit insurance + guarantee". (all local people's governments, the Ministry of finance, the Ministry of Commerce, the CIRC and the China export and Credit Insurance Corporation shall be responsible according to their respective responsibilities.)

Third, provide credit enhancement support for foreign trade enterprises in various ways. We should give full play to the role of national financing guarantee fund and local government financing guarantee institutions, participate in the financing risk sharing in the field of foreign trade, support and guide various financial institutions to increase financing support for small and micro foreign trade enterprises. The Ministry of foreign trade and the people's Republic of China are encouraged to cooperate with the Ministry of foreign trade and the people's Republic of China for better information management according to the requirements of Ministry of foreign trade and the people's Republic of China for better information management. (all local people's governments, the Ministry of Commerce and the China Banking and Insurance Regulatory Commission shall be responsible according to the division of responsibilities)

4. Further expand export credit to small and medium-sized foreign trade enterprises. We should give better play to the role of financial support, further increase the credit supply to small and medium-sized foreign trade enterprises, and ease the problems of financing difficulties and high financing costs. (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 the Export Import Bank of China shall be responsible according to their respective responsibilities.)

5. Support the development of new trade formats. As soon as possible, we will promote the establishment of a new batch of market procurement trade mode pilot projects in places where conditions permit, and strive to expand the total number of pilot projects to about 30, so as to drive the export of small and medium-sized enterprises. The General Administration of foreign trade, the General Administration of foreign trade and the General Administration of Foreign Exchange take the lead in the reform and development of cross-border service platforms (such as the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, and the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade, the Ministry of foreign trade and the Ministry of. Financial institutions such as the export import bank and China Export Credit Insurance Corporation are encouraged to actively support the construction of overseas warehouses under the premise of controllable risks. (under the leadership of the Ministry of Commerce, the Ministry of finance, the China Banking and Insurance Regulatory Commission, the export import bank and the China Export Credit Insurance Corporation shall be responsible for the division of responsibilities) the administrative measures for tax refund on behalf of foreign trade comprehensive service enterprises shall be thoroughly implemented, the tax refund service shall be continuously optimized, and the progress of tax refund shall be continuously accelerated. We should strengthen the Credit Cultivation of foreign trade comprehensive service enterprises, so that more foreign trade comprehensive service enterprises that meet the certification standards can become the customs "certified operators" (AEO). (the Ministry of Commerce, the General Administration of customs and the State Administration of Taxation shall be responsible according to the division of responsibilities)

6. Guide the gradient transfer of processing trade. Local funds should be encouraged to transfer, and local funds should be encouraged. We will cultivate a number of processing trade industrial parks jointly built by the eastern, central, Western and northeast regions. With the help of China processing trade products Expo and other platforms, we will improve the industrial transfer docking mechanism. We should encourage the central and western regions and the northeast to give full play to their advantages and undertake labor-intensive foreign trade industries. (all local people's governments, the Ministry of Finance and the Ministry of Commerce shall be responsible according to the division of responsibilities)

7. Increase support for labor-intensive enterprises. For export enterprises of labor-intensive products such as textiles, clothing, furniture, shoes and boots, plastic products, bags, toys, stones, agricultural products, consumer electronics and other labor-intensive products export enterprises, we will further increase support on the basis of implementing various inclusive policies, such as tax reduction and fee reduction, export credit, export credit insurance, stable employment, electricity and water use. (all local people's governments, the national development and Reform Commission, the Ministry of industry and information technology, the Ministry of finance, the Ministry of human resources and social security, the Ministry of Commerce, the people's Bank of China, the State Administration of Taxation, the banking and Insurance Regulatory Commission, the export import Bank of China and China Export Credit Insurance Corporation shall be responsible according to their respective responsibilities.)

8. Help large backbone foreign trade enterprises to solve problems. We will study and determine the list of large-scale backbone foreign trade enterprises, sort out the needs of large-scale backbone foreign trade enterprises and their core supporting enterprises, establish a problem approval system, promote the solution of contradictions encountered in production and operation, support all aspects of import and export, and provide good services with "one enterprise, one policy". Under the premise of controllable risk, this paper studies the supporting measures for large-scale backbone foreign trade enterprises to further accelerate the progress of export tax rebate. (under the leadership of the Ministry of Commerce, the Ministry of industry and information technology, the General Administration of customs, the State Administration of Taxation, the Export Import Bank of China and the China Export Credit Insurance Corporation shall be responsible according to their respective responsibilities.)

9. Expand online channels for foreign trade. Promote "online one country, one exhibition", support and encourage capable and willing local governments and key industry associations to hold online exhibitions. We should make good use of the special funds for foreign trade and economic development, support small and medium-sized foreign trade enterprises to develop markets and participate in online and offline exhibitions within the prescribed scope. We should give full play to the role of domestic business associations, overseas institutions and overseas Chinese funded enterprise associations, actively connect with foreign trade associations in China, and help export enterprises connect with more overseas buyers. (all local people's governments, the Ministry of foreign affairs, the Ministry of industry and information technology, the Ministry of Finance and the Ministry of Commerce shall be responsible for the division of responsibilities

10. Further improve the level of customs clearance facilitation. We will continue to optimize the business environment at ports, continue to consolidate the effect of reducing the overall customs clearance time of goods, further promote the standardization and reduction of compliance costs in the import and export links, promote the "one-stop sunshine price" of port charges at conditional ports, and improve the transparency and comparability of port charges. We will provide more consultation services on technical and trade measures to export enterprises and help them develop overseas markets. We will expand market access for oil, oil, meat and dairy products, promote imports, and ensure market supply. (in charge of the General Administration of Customs)

11. Improve the convenience of foreign business personnel in China. On the premise of strictly implementing the epidemic prevention requirements, we will continue to negotiate with relevant countries to establish "fast track" to facilitate the exchange of personnel in important business, logistics, production and technical services of foreign-funded enterprises. We will continue to implement the "fast track" for qualified foreigners who come to China to resume work and resume production. With reference to the relevant practice of "fast track" and the principle of "putting epidemic prevention first, ensuring necessity, compacting responsibilities and embodying convenience", convenience arrangements are made for foreigners who come to China to engage in necessary economic, trade, scientific and technological activities. We will support local governments in opening exclusive channels to facilitate foreign investors to enter the market and give priority to foreign businessmen stationed in China to return to China and enter the market as soon as possible. On the premise of doing a good job in the prevention and control of the epidemic situation, China and foreign personnel exchanges will be gradually and orderly resumed. According to the deployment of the joint prevention and control mechanism of the State Council, the total number of international passenger flights will be increased in phases. Under the condition of complete epidemic prevention certificates, the number of civil aviation flights with China's major investment sources will be appropriately increased to facilitate foreign business personnel to come to China. (all local people's governments, the Ministry of foreign affairs, the national development and Reform Commission, the Ministry of Commerce, the immigration administration and the Civil Aviation Administration shall be responsible according to their respective responsibilities.)

12. Give financial support to key foreign-funded enterprises. A further discount of 1.5 trillion yuan is applicable to the existing special loans for foreign enterprises. We will increase financial support for key foreign-funded enterprises. The new loan scale of RMB 570 billion from the export import bank can be used to actively support key foreign-funded enterprises that meet the requirements. The competent commercial departments of all provinces, autonomous regions and cities shall find out the financing needs and operation conditions of key foreign-funded enterprises within their jurisdiction, timely share the information of key foreign-funded enterprises with banking financial institutions, strengthen the cooperation between foreign-funded enterprise associations and other institutions and banking financial institutions, promote the development of "bank enterprise docking", and actively guarantee the financing needs of key foreign-funded enterprises in accordance with the principle of marketization. (all local people's governments, the people's Bank of China, the Ministry of Commerce, the China Banking and Insurance Regulatory Commission and the Export Import Bank of China shall be responsible according to their respective responsibilities.)

13. Increase support services for key foreign funded projects. We will sort out and form a list of key foreign-funded projects with an investment of more than 100 million US dollars in the whole country. In the early stage, under construction and production, domestic and foreign investment will be treated equally, and service guarantee in the aspects of sea use, land use, energy consumption and environmental protection will be strengthened. (all local people's governments, the Ministry of Commerce, the development and Reform Commission, the Ministry of natural resources and the Ministry of ecological environment shall be responsible according to the division of responsibilities)

Encourage more foreign investment in high-tech industries. We will promote the convenience of management and service for the identification of high-tech enterprises, further strengthen the training, publicity and interpretation of foreign-invested enterprises applying for the identification of high-tech enterprises, focus on strengthening the policy services for enterprises in emergency fields such as epidemic prevention and control, and attract more foreign investment into the fields of high-tech and people's livelihood and health. (led by the Ministry of science and technology, the Ministry of Finance and the State Administration of Taxation shall be responsible according to the division of responsibilities)

15. Reduce the threshold for foreign R & D centers to enjoy preferential policies. We will reduce the number of full-time research and experimental development personnel in foreign R & D centers that support the import tax policy of scientific and technological innovation, encourage foreign investors to set up R & D centers in China, and improve the quality of foreign investment. (under the leadership of the Ministry of finance, the Ministry of Commerce and the State Administration of Taxation shall be responsible according to the division of responsibilities)

Under the guidance of Xi Jinping's thought of socialism with Chinese characteristics for a new era, all regions and departments should strengthen the "Four Consciousness", strengthen the "four self-confidence", achieve the "two maintenance", resolutely implement the decision-making and deployment of the Party Central Committee and the State Council, improve their standing, actively act and pay close attention to the implementation. All regions should combine the actual situation, improve the supporting measures, seriously organize the implementation, and promote the implementation of various policies in the region. All departments should, according to the division of responsibilities, strengthen cooperation and form joint forces to ensure the implementation of various policies.

General Office of the State Council

August 5, 2020

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Source: Xinhua news agency, China government website