China's Commerce Ministry: There are Significant Dangers, Challenges, and Unknowns in International Trade

In his visit on Friday, a representative of the Chinese Ministry of Commerce provided insight into the state of the nation's overseas commerce.

July 29, 2022 - 12:11 PM 246 views

China's Commerce Ministry: There are Significant Dangers, Challenges, and Unknowns in International Trade

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© China's Commerce Ministry: There are Significant Dangers, Challenges, and Unknowns in International Trade

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In his visit on Friday, a representative of the Chinese Ministry of Commerce provided insight into the state of the nation's overseas commerce.

Key Quotes

China's international trade is fraught with danger, difficulty, and uncertainty.

In H2, will increase support for export credit insurance.

Will actively increase imports while ensuring the availability of home goods.

Will research specific actions for international trade.

The Market Reaction

The preceding headlines don't seem to have any impact on the Chinese Yuan; at the time of publication, USD/CNY was trading unchanged for the day at 6.7453.

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