China to optimize foreign trade: NDRC

China to optimize foreign trade: NDRC

China's National Development and Reform Commission (NDRC) has announced a new set of policies aimed at optimizing foreign trade. The measures, effective from July 2025, are designed to enhance efficiency, reduce costs, and improve the overall competitiveness of China's foreign trade sector.

The NDRC has emphasized the importance of streamlining trade processes, reducing administrative burdens, and promoting the use of digital technologies. The new policies include the establishment of a single-window system for customs clearance, which will simplify and expedite the process for both domestic and foreign traders. Additionally, the NDRC is encouraging the adoption of blockchain technology to increase transparency and security in international trade transactions [1].

To reduce costs, the NDRC is implementing a series of tariff reforms. These include the reduction of tariffs on a wide range of goods, as well as the introduction of new preferential tariffs for certain sectors. The goal is to make Chinese products more competitive in the global market and attract more foreign investment.

The NDRC has also placed a strong emphasis on promoting the use of renewable energy in the transportation and logistics sectors. This includes the adoption of electric vehicles and the development of charging infrastructure. The new policies aim to reduce the carbon footprint of foreign trade and contribute to China's overall goal of achieving carbon neutrality by 2060.

The NDRC's new policies are expected to have a significant impact on China's foreign trade sector. By optimizing trade processes, reducing costs, and promoting the use of renewable energy, the NDRC is setting the stage for a more efficient and sustainable foreign trade environment. The success of these policies will depend on the cooperation and support of both domestic and foreign stakeholders.

References:
[1] https://finance.yahoo.com/news/bj-energy-intl-anchoring-asset-103000794.html