China's State Council, the country's Cabinet, has called for enhanced measures to boost domestic demand through improved implementation mechanisms and better utilization of existing programs. The Cabinet emphasized the need to strengthen support policies in finance and taxation and to innovate consumer investment options. Discussions also included equipment upgrades and a consumer goods trade-in program to stimulate consumption. These initiatives are part of a broader multipronged approach involving fiscal, tax, and financial policies aimed at unlocking China's domestic demand potential. Additionally, during the 14th Five-Year Plan period (2021-2025), China has expanded its ports of entry by 40, bringing the total to 311. The General Administration of Customs reported that China has become one of the top three trading partners for 157 countries and regions worldwide, signing 519 cooperation documents to promote high-quality development and safeguard borders.
China has added and expanded 40 ports of entry since the beginning of the 14th Five-Year Plan period (2021-2025), bringing the country's total ports of entry to 311, said Sun Meijun, head of the General Administration of Customs, at a press conference on Monday. #XinhuaNews https://t.co/fsxK7GNrb9
China has added and expanded 40 ports of entry since the beginning of the 14th Five-Year Plan period (2021-2025), bringing the country's total ports of entry to 311, according to the General Administration of Customs on Monday. https://t.co/i8Svgzjqzp
China's ports of entry total 311: official https://t.co/Kej1ryzXHh https://t.co/d0Pg8yj0ZJ