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.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.