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Program for integrating domestic, foreign trade generates procurement intentions exceeding 16.7 billion yuan

China

China

China

Program for integrating domestic, foreign trade generates procurement intentions exceeding 16.7 billion yuan

2025-05-03 21:23 Last Updated At:21:37

Over 2,400 foreign trade enterprises and more than 6,500 buyers have participated in the Premium Foreign Trade Goods China Tour program initiated by the Chinese Ministry of Commerce, resulting in a total procurement intention of 16.76 billion yuan (about 2.35 billion U.S. dollars).

Over the past few months, the ministry has been stepping up efforts to promote the integration of domestic and foreign trade, assisting foreign trade enterprises in expanding domestic sales in response to U.S. tariff measures.

The ministry said that the first priority in this regard is to launch the Premium Foreign Trade Goods China Tour program, a platform specially built for foreign trade enterprises to expand domestic sales.

Under the instruction of the Commerce Ministry, a series of events have been held in 10 major regions, including Shanghai, Sichuan and Jiangsu, as of Friday.

The ministry has also guided e-commerce platforms, including JD.com, Freshippo, Pinduoduo and Kuaishou, and large retail enterprises, including Yonghui Supermarket, China Resources Vanguard and Wushang Group, to actively help foreign trade companies access domestic sales channels.

A total of 15 major e-commerce platforms have connected with over 26,000 foreign trade enterprises, assisting more than 2,600 of them to set up online shops, while nine e-commerce platforms have set up designated blocks for premium foreign trade goods, and so far, the sales volume of such goods has exceeded 600 million yuan.

Several retail enterprises have set up special sections and counters for premium foreign trade goods in their shops and have given priority to such products, significantly reducing the time required for putting them on shelves.

Program for integrating domestic, foreign trade generates procurement intentions exceeding 16.7 billion yuan

Program for integrating domestic, foreign trade generates procurement intentions exceeding 16.7 billion yuan

Ukrainian President Volodymyr Zelensky said on Sunday that Ukraine stands ready to agree to security guarantees based on NATO's Article 5 as part of a compromise in the peace process, according to media reports.

"From the very beginning, Ukraine's desire was to join NATO, these are real security guarantees. Some partners from the United States and Europe did not support this direction," the Ukrinform news agency quoted Zelensky.

Zelensky said Article 5-like guarantees from the United States and from European partners, as well as from other countries, "would provide an opportunity to prevent another arrival of Russian troops." He also called it "a compromise on our part."

Zelensky said he was not yet ready to disclose specific details of the proposed security guarantees, saying they would be known in a day or two.

Ukrainian president arrived in Berlin on Sunday afternoon for talks with German Chancellor Friedrich Merz and other European leaders.

German newspaper Bild reported that Zelensky may also hold talks with representatives of U.S. President Donald Trump, but did not elaborate further.

According to Ukrinform, Zelensky said the same day that Ukraine must be prepared for any possible developments regarding elections.

"I asked our partners to assist with the security situation if elections are held, and I said that lawmakers should prepare options for how this could be implemented if the situation develops in that direction. They should work out, in the near future, options for holding elections," he said in a statement in response to journalists' questions.

He said he had received "signals" from the United States and President Trump regarding Ukraine's presidential election.

Ukraine says ready to accept NATO-style security guarantees

Ukraine says ready to accept NATO-style security guarantees

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