Wang Zhihua, Director-General of the Department of Foreign Trade of China's Ministry of Commerce, revealed at a press conference held by the State Council Information Office on the 26th that China will introduce policy measures to boost inbound consumption.

At the conference on the same day, Wang Zhihua stated that China will roll out a package of foreign trade policies this year to better serve foreign trade enterprises, help them cut costs and improve efficiency, study and introduce new policies in a timely manner, and develop innovative support measures. Meanwhile, China will expand diversified markets, increase support for enterprises to participate in overseas exhibitions, organize a series of trade promotion activities, and successfully host the 139th and 140th sessions of the China Import and Export Fair (Canton Fair). Enterprises are encouraged to make good use of country-specific trade guides and foreign trade promotion information to better connect with the market.

Wang Zhihua also noted that going forward, the Ministry of Commerce will guide cross-border e-commerce comprehensive pilot zones to vigorously develop cross-border e-commerce to empower industrial clusters, and support overseas warehouse enterprises to accelerate intelligent transformation. Efforts will be made to expand green trade and enhance the international competitiveness of green and low-carbon products. China will also drive the development of foreign trade empowered by artificial intelligence and raise the digitalization level of the entire trade chain.

In addition, China will vigorously develop trade in services, improve the negative list management system for cross-border trade in services, steadily advance the opening up of the services market, and build national demonstration zones for the innovative development of trade in services. The country will expand the export of competitive producer services, promote the clustered development of trade in services such as intellectual property and human resources, encourage professional service institutions engaged in design, consulting, finance, accounting and law to enhance their international service capabilities, and boost the export of traditional competitive services including Chinese language education, traditional Chinese medicine and Chinese cuisine.

Regarding the innovative development of digital trade, Wang Zhihua said that China will launch the construction of national digital trade demonstration zones, formulate relevant standards for digital trade, and promote the compatibility and convergence of domestic and international standards. China will also advance the digital transformation of service outsourcing and foster and expand market entities in digital trade.