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• New Policy Initiatives Aim to Boost Exports - Editor, 1 June 2009

As the fifth month of 2009 drew to a close, China's authorities revealed new policy initiatives aimed at boosting exports which are suffering due to the global financial crisis. Features of the new policy initiatives include tax breaks, expanded credit insurance and more accessible financial aid. China's State Council also noted that the country will keep the yuan fundamentally stable and at a balanced level in order to ensure that exporters are not adversely affected by exchange rate risks. However, a high yuan will inevitably make goods from China more expensive which, in turn, is likely to prove detrimental to exports.