China-US Trade/Measures

China provides guidance to companies to reduce impacts of China-U.S. trade frictions

  • English

Shotlist


FILE: Dalian, Liaoning Province, northeast China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of port scenes

Shaoxing City, Zhejiang Province, east China - July 10, 2018 (CCTV - No access Chinese mainland)
2. Customs officers, Jiang Mingfu, bearing company's general manager, walking
3. Xiang Pu, Customs officer, talking with Jiang Mingfu
4. Various of workers at work
5. SOUNDBITE (Chinese) Xiang Pu, Shaoxing Customs officer (starting with shot 4):
"In our city there are three categories of enterprises involved: bearing industry, machinery manufacturing and electronic products, and we have visited more than 20 companies."
6. Various of workers at work
7. SOUNDBITE (Chinese) Jiang Mingfu, General Manager, bearing company in Zhejiang Province (starting with shot 6/ending with shot 8):
"Shaoxing Customs officials rushed to our company quickly. In fact, we have been actively responding since last year. We hope to reduce the impact from the U.S. market by actively expanding markets in the EU and in Southeast Asia."
8. Contracts

Foshan City, Guangdong Province, south China - July 9, 2018 (CCTV - No access Chinese mainland)
9. Various of workers at work
10. SOUNDBITE (Chinese) Su Yan, Director General, Foshan Bureau of Commerce:
"We will continue to expand economic and trade cooperation with countries along the Belt and Road. In the first quarter of this year, export to these countries accounted for 35 percent of Foshan's total."

Ma'anshan City, Anhui Province, east China - July 9, 2018 (CCTV - No access Chinese mainland)
11. Plant
12. Various of engineers at work
13. SOUNDBITE (Chinese) Wu Wei, Deputy Director General, Ma'anshan Bureau of Commerce:
"Our provincial and municipal commerce departments and relevant units communicate monthly to master the exhibition information, promptly vacate the customer base and website to enterprises, organize them to participate in the exhibition, and help them to win orders."
14. Various of engineers at work
15. Interior plant

Storyline


China is taking measures and providing targeted guidance to companies to reduce the negative impacts brought by the China-U.S. trade frictions, according to the Ministry of Commerce.

Customs officers are visiting companies which are probably affected to learn about their difficulties and responses in Shaoxing City of east China's Zhejiang Province.

"In our city there are three categories of enterprises involved: bearing industry, machinery manufacturing and electronic products, and we have visited more than 20 companies," said Xiang Pu, a Shaoxing Customs officer.

The listed export goods to the United States which are subject to steep additional tariffs are worth approximately 1.15 billion yuan, or 9.5 percent of the total value of Shaoxing's exports to the U.S. in the same period.

"Shaoxing Customs officials rushed to our company quickly. In fact, we have been actively responding since last year. We hope to reduce the impact from the U.S. market by actively expanding markets in the EU and in Southeast Asia," said Jiang Mingfu, general manager of a bearing company.

In order to overcome the difficulties, Foshan Bureau of Commerce in south China's Guangdong not only provides targeted guidance and services for key companies, but also supports them to acquire independent intellectual property rights, foster core competitiveness and develop diversified markets.

"We will continue to expand economic and trade cooperation with countries along the Belt and Road. In the first quarter of this year, export to these countries accounted for 35 percent of Foshan's total," said Su Yan, director general of Foshan Bureau of Commerce.

More than 600 companies involved in machine cutting and grinding tool businesses in Ma'anshan City are working on mitigating possible trade risks brought by the U.S. trade protectionism under the local government's guidance in east China's Anhui Province

"Our provincial and municipal commerce departments and relevant units communicate monthly to master the exhibition information, promptly vacate the customer base and website to enterprises, organize them to participate in the exhibition, and help them to win orders," said Wu Wei, deputy director general of Ma'anshan Bureau of Commerce.

China will probably take following measures to relieve the impacts of China-U.S. trade frictions on companies: continuously evaluate the impacts on different kinds of companies; the new tax income from the countermeasures will be mainly used to relieve the impacts on companies and their employees; encourage companies to adjust import structure, and increase the imports of agricultural products and automobiles from other countries and regions than the U.S.; reinforce the protection of corporate interests and create a better investment environment, according to the Ministry of Commerce on Monday.

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  • ID : 8085183
  • Published : 2018-07-11 21:11
  • Last Modified : 2018-07-11 21:11:12
  • Location : China
  • Category : economy, business and finance
  • Duration : 2'29
  • Audio Language : Chinese/Nats/Part Mute
  • Source : China Central Television (CCTV)
  • Restrictions : No access Chinese mainland
  • Version : 2
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