China doubles down on export growth, defying global pressure over subsidised goods
Despite mounting global resistance to its surging shipments of low-cost goods, China has pledged to increase support for exporting companies. Beijing's new policies aim to sustain its export boom, which is on track to reach record levels, even as trading partners accuse it of undercutting local industries and distorting global markets.
Wang Shouwen, China's international trade representative and vice minister of commerce, announced a range of measures to support exporters. These include financial aid, insurance assistance, and directives to expand cargo capacity through state-backed shipping firms. "Our focus is on promoting high-quality trade and addressing practical challenges faced by Chinese companies," Wang said during a press conference in Beijing.
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