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Govt policy moves from past week

Mo Jingxi
Updated: Jul 01,2020 07:19 AM    China Daily

Export firms' domestic sales supported

China will support export companies' sale of products in the domestic market to help them overcome difficulties created by the COVID-19 pandemic, according to a guideline issued by the General Office of the State Council.

The guideline, published on June 22, said businesses engaged in foreign trade will be encouraged to expand their sales channels and help enhance domestic consumption.

Due to the impact of the pandemic on sales, companies will be allowed to sell products originally made for export if they can meet certain technical standards before the end of the year, it said.

To help reduce their production costs and facilitate trade transformation, companies will be encouraged to make products for domestic and foreign markets on the same production lines, according to the same standards and of the same quality.

Local governments will be responsible for promoting domestic sales of export products according to local conditions and they should give priority to foreign trade businesses involved in regionally important industrial and supply chains and small and medium-sized foreign trade companies, it said. They will also be responsible for organizing export product promotions in major shopping streets and facilitating direct purchases by big commercial companies.

They should also make efforts to connect export companies with the country's infrastructure and urbanization initiatives and major projects, the guideline said.

It said measures such as setting up export product zones during online shopping festivals and attracting domestic buyers at major trade fairs will also be taken to establish domestic sales platforms for exporters.

Financial institutions will be encouraged to step up financial assistance to exporters by improving supply chain financing services and strengthening operational credit support.

Special funds earmarked for foreign trade and economic development should also be used to provide training and promotions related to the sale of export products in the domestic market and support foreign trade companies participation in online and offline exhibitions, the guideline said.

Reform keeps cultural venue prices down

Admission to grassroots cultural venues, including museums, memorials, public libraries, art galleries and cultural centers, will be free of charge or kept low-cost because their funding is the shared responsibility of central and local governments under a reform program launched by the General Office of the State Council at the start of this year.

The office released details of the program on June 23, saying it defined the respective fiscal powers and expenditure responsibilities of central and local governments in the field of public culture.

The percentage of expenditure to be covered by the central government varies from 80 percent to 10 percent, it said.

Other aspects of basic public cultural services, such as the number of television channels available, are also stipulated as the shared fiscal responsibility of central and local governments.

According to the reform program, spending on cultural activities, exhibitions and performances that are organized or supported by government for public welfare will rest on the fiscal authority of the central government or local governments, depending on administrative arrangements or who organizes them.

It also urged the implementation of comprehensive performance-based budget management to improve the allocation and efficient utilization of financial resources, and to enhance the quality of public cultural services.