Wang Shouwen, China's international trade representative and vice minister of commerce, announced a range of measures to support exporters. These include financial aid, insurance assistance, and directives to expand cargo capacity through state-backed shipping firms. "Our focus is on promoting high-quality trade and addressing practical challenges faced by Chinese companies," Wang said during a press conference in Beijing.
When keeping an eye on the aluminium sector, the country's exports of semi-manufactured aluminium products such as bars, sheets and tubes are witnessed to be totalled at a massive 5.2 million tonnes in 2023. They will be higher still this year, according to Reuters. Outbound shipments grew by 17 per cent in the first nine months (January to September) of 2024.
