Measures can spur momentum of foreign trade

In spite of all the clamor about boosting domestic consumption as the main driver of growth, and the endeavors to that effect, foreign trade, export-oriented processing in particular, remains a crucial, indispensable cornerstone of China's economy.

With the novel coronavirus still continuing to disrupt normal life and production at home, stimulating consumption remains difficult.

Supporting the foreign trade sector, therefore, is of crucial importance. The Ministry of Commerce's new round of support for the foreign trade sector, announced on Tuesday, is an opportune move in the right direction. If soundly implemented the measures will have a tremendous impact on the well-being of numerous foreign trade businesses and their employees, and the broader economy.