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What is the scale of the Central Foreign Trade Development Fund? What are the benefits of expanding it?
China news agency, Beijing, July 30-Li Rongcan, director of the Finance Department of the Ministry of Commerce of China, said that this year, he will continue to make good use of the central foreign trade development fund and related special financial funds, increase support for key construction projects in the business sector, change the mode of foreign trade development, actively and steadily improve the import and export tax policies, and maintain the steady growth of foreign trade exports.

In an interview with the website of the Ministry of Commerce, he said that in promoting the optimization of foreign trade structure, he will continue to arrange funds to optimize the import and export structure of electromechanical and high-tech products, support the construction of public service platforms such as the export innovation base for rejuvenating trade through science and technology and the automobile export base, and support the research and development of key industries. The establishment of agricultural products trade promotion fund to support the construction of public technology platforms such as agricultural products export quality traceability system.

In terms of expanding imports, we will arrange import discount funds to support the import of technologies and products that meet the Catalogue of Technologies and Products Encouraged to Import. In addition, we will continue to arrange funds for small and medium-sized enterprises to explore the international market and funds for coordinated development of foreign trade and economic cooperation regions, and support small and medium-sized enterprises to explore the international market and develop foreign trade and economic cooperation in the old industrial bases in the central and western regions and northeast China.

Li Rongcan said that on the basis of integrating the existing "going out" capital policy, we will increase the arrangement of special funds for foreign economic and technological cooperation and provide financial support for enterprises to carry out overseas investment, international project contracting and labor cooperation; We will continue to arrange overseas economic and trade cooperation zone development funds and foreign contracted guarantee risk funds.

In improving the rural consumption environment, continue to support the construction of the "thousand villages and thousands of townships" market project; In promoting the entry of agricultural products into cities, we will continue to arrange funds for the "Double Hundred" market project, support the transformation of large-scale agricultural product wholesale markets, and cultivate large-scale agricultural product circulation enterprises; In improving circulation information, we will continue to support the construction of new rural information service stations and urban and rural market monitoring systems.

* * Improve the export tax policy * *

Li Rongcan also said that in recent years, China has adjusted its import and export tax policies many times, especially since 2007, it has adjusted its export tax rebate three times and its import and export tariff policy seven times, and achieved remarkable results.

In the next step, we will actively and steadily improve the import and export tax policies in accordance with the requirements of accelerating the transformation of foreign trade development mode, maintain the steady growth of foreign trade exports, and promote the coordinated and healthy development of the economy.

He said that since the beginning of this year, due to the rising prices of raw materials and labor, the appreciation of RMB, the weakening of foreign demand, the adjustment of export tax rebate policy and the credit crunch, the export profitability of enterprises has dropped significantly, especially in labor-intensive industries such as textiles and clothing, light industry and agricultural products.

Li Rongcan also said that in the next step, he will continue to follow up the supervision of abnormal foreign exchange capital flows, actively cooperate with relevant departments to study and improve relevant management measures, carefully understand the opinions and suggestions of local and enterprises, and formulate timely response plans to effectively safeguard the stable development of China's foreign trade finance.