Jiangsu provincial government held a press conference on July 25 to explain 12 new measures introduced recently to ensure the stability and promote quality of foreign trade.

The measures cover four fields including helping companies get new orders and keeping the supply chain and industry chain stable. Jiangsu will step up efforts to explore the international markets, strengthen support for export credit insurance, and assist enterprises to better fend off foreign exchange rate risks.

Efforts will also be made to boost support for cross-border e-commerce, market procurement trade, and the development of new business forms and models in order to accelerate the transformation and upgrading of foreign trade.

From January to June, the province's total import and export volume reached more than 2.635 trillion yuan, up 10.0% year-on-year. This included exports of 166.97 billion yuan, up 12.3%, and imports at 973.71 billion yuan, up 6.2%. The total volume, imports and exports in Jiangsu all hit a record high.

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