Ministry of Commerce: Purchase intention for foreign trade premium products in China exceeds 16.7 billion yuan

On May 3rd, the Ministry of Commerce recently guided various regions to hold production and sales docking activities such as the “China Tour of Foreign Trade Excellent Products”, and formed a “Foreign Trade Excellent Product Tour Procurement Team” to purchase locally, fully assisting affected foreign trade enterprises in expanding domestic sales. As of the 2nd, a series of activities have been held in 10 key areas including Shanghai, Sichuan, and Jiangsu. According to preliminary statistics, over 2400 foreign trade enterprises and more than 6500 buyers participated in the above-mentioned activities, reaching a total purchase intention of 16.76 billion yuan. At the same time, the Ministry of Commerce guides e-commerce platforms and large retail enterprises to actively assist foreign trade enterprises in opening up domestic sales channels. 15 major e-commerce platforms have connected with over 26000 foreign trade enterprises and helped over 2600 enterprises settle in. Nine e-commerce platforms have opened online sections, and as of now, the sales of products in the sections have exceeded 600 million yuan. A group of large retail enterprises have set up special counters for foreign trade quality products, opened up green channels, and significantly reduced product shelf time.

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