On 29 July 2020, the State Council held an executive meeting (Meeting) which centred on stabilising the main body of foreign trade, the industrial chain and the supply chain, and establishing four policies to stabilise foreign trade and foreign investment (Four Policies). On 12 August 2020, the General Office of the State Council released the “Opinions on Further Doing a Good Job in Stabilising Foreign Trade and Foreign Investment” (Opinions) proposing 15 policy measures (Policy Measures) to stabilise foreign trade and foreign investment, detailing and expanding the Four Polices. These policies are summarised below:
Previously, the State Council and various ministries and departments have successively issued a series of policies and measures to stabilise foreign trade and foreign investment in response to the COVID-19 pandemic. It is expected that the State Council will release further policies to achieve the goal of stabilising foreign trade and foreign investment in the future. Meanwhile, the various departments of the State Council and local governments are required to take respective responsibilities based on their division of duties to ensure that the policies and measures would be duly implemented.