This year, export tax rebate rates for 1,464 products have been raised in full, and 25,000 export enterprises have enjoyed dividends

On November 12, the State Council held a regular briefing on state Council policy. Li Xinggan, director general of the Foreign Trade Department of the Ministry of Commerce, said that since the beginning of this year, the coVID-19 outbreak has brought severe impact to countries around the world, and also brought unprecedented challenges to China's foreign trade development, and foreign trade enterprises are facing great pressure for survival. President Xi Jinping has personally made arrangements to stabilize the basic supply chain of foreign trade and foreign investment and ensure the smooth operation of the foreign trade industrial chain and supply chain. The State Council has made five special studies on stabilizing foreign trade, and introduced a series of unconventional and phased policies and measures. These policies are of unprecedented intensity. According to the special assessment conducted by the Ministry of Commerce and The Chinese Government Website, enterprises generally believe that various policies have played an effective role in helping them, which is mainly reflected in the following five aspects:

First, the effect of export tax rebates has been strengthened. This year, the tax rebate rate for 1,464 products has been raised in full, and 25,000 export enterprises have enjoyed the policy dividend. At the same time, the processing speed of export tax rebates has been improved. Last year, the average processing speed of export tax rebates was 10 days, but this year, it has been shortened to less than 8 days, and the speed has been increased by 20%, which further reduces the pressure of enterprise capital.

Second, export credit insurance will give full play to its functions. In the first three quarters of this year, export credit Insurance provided assistance to nearly 140,000 foreign trade enterprises, up nearly 28 percent year on year. Among them, there are more than 110,000 small and micro businesses, accounting for nearly 80%.

Third, foreign trade credit support has been significantly increased. At present, nearly 20 provinces, autonomous regions and municipalities in China have established the "credit insurance + guarantee" financing mode and launched relevant products, which have effectively alleviated the difficulties of mortgage and guarantee in the financing process of small, medium and micro foreign trade enterprises.

Fourth, trade facilitation continued to improve. According to the World Bank's 2020 "Doing Business" report, China's compliance costs for individual container imports and exports have fallen to $318 and $330 respectively. In September this year, China's overall import and export clearance time was 35.02 hours and 1.86 hours respectively, significantly improving the efficiency of customs clearance.

Fifth, continuous improvement of government public services. This year, we have set up a direct reporting information service platform for key foreign trade and foreign-funded enterprises, which allows them to report difficult problems, comments and Suggestions to the MoFCOM at any time. The service is one-on-one and face-to-face. The Ministry of Commerce has continued to strengthen early warning and legal services for economic and trade frictions. This year, it has provided legal services to more than 30,000 enterprises and released more than 1,500 relevant early warning information. The average time it takes foreign trade enterprises to learn about cases is seven days shorter than last year.

"At present, the international outbreak has yet to bottom, the pattern of international trade and trade structure is the depth of the adjustment, we will continue to pay special attention to the stable foreign trade policy measures for implementation, pay close attention to the foreign trade situation changes, in view of the enterprise reflects the new situation, new problem and new difficulties and new research reserves a number of policy measures, continue to promote the innovation and development of foreign trade, good in stability." Li Xinggan said.