Ministry of Commerce: Encourage and promote the trade in of old for new consumer goods such as automobiles and household appliances

On March 26th, the State Council Information Office held a press conference on recent data and policies related to production, consumption, import and export. Vice Minister of Commerce Guo Tingting stated that in the future, the Ministry of Commerce will focus on promoting stable consumption growth and promoting stable quality and quantity of foreign trade. In terms of consumption, we will encourage and promote the exchange of old for new consumer goods such as automobiles and household appliances, cultivate and strengthen new types of consumption such as green and digital, and promote innovative development of service consumption. In terms of foreign trade, comprehensive measures will be taken to support enterprises in exploring diversified markets and promoting the healthy development of new formats such as cross-border e-commerce. At the same time, actively expanding the import of high-quality products, organizing key exhibitions such as the Import Expo and Canton Fair, and promoting high-quality development of foreign trade.