China's new guidelines to boost flagging trade sector

China's total foreign trade fell 6.9% y/y in H1 2015 caused the policy marker to revise the present trade policy.

Commerzbank notes the State Council's guidelines on ways to boost the flagging trade sector issued on last Friday, which came amid lackluster data where total foreign trade fell 6.9% y/y in H1 2015. 

These included

• 1) remove trade-related fees
  
  
• 2) reduce taxes on some goods
  
  
• 3) cut red-tape
  
  
• 4) provide subsidized loans to more traders