China on mission to help exporters tap huge domestic market

Many of them rolled out targeted support initiatives over the weekend.

The Commerce Ministry will integrate domestic and foreign trade, and continue organising the ‘Premium Export Products in China’ campaign to build platforms that support export-oriented enterprises in exploring the domestic market.

More efforts will be made to assist these enterprises in areas like market access, channel development, fiscal and financial support and service guarantees, ministry spokesperson He Yongqian told a press conference last week.

The China Chain-Store & Franchise Association and seven other industry associations jointly announced an initiative to promote better integration of domestic and foreign trade.

The China General Chamber of Commerce, along with six other national trade associations, issued a joint proposal urging grocery chains, department stores, e-commerce platforms and wholesale markets to establish ‘green channels’ for exporters. These would include dedicated retail zones and promotional events to showcase export-quality goods.

E-commerce firm JD.com announced it will purchase 200 billion yuan ($27.34 billion) worth of export-to-domestic goods over the next year to help foreign trade firms, Chinese media outlets reported.

JD.com will also provide intensive training, increase subsidies, and offer various resources to support foreign trade enterprises settling on its platform, helping them quickly expand into the domestic market

East Buy Holding has launched a special initiative to fast-track services for export-oriented businesses. Tech giant Baidu, Alibaba's supermarket chain Hema Fresh and Yonghui Superstores Co have also joined such efforts.

Fibre2Fashion News Desk (DS)