Us Prosecution Of Export Subsidies For China'S Textiles And Clothing Industry Is Untenable.

The press conference of the three session of the twelve National People's Congress held a press conference to invite the Minister of Commerce.

Answer questions from Chinese and foreign journalists on issues related to "nurturing new consumption and building a new pattern of opening up".

In response to reporters on how to view "the United States government prosecuted to the WTO, the Chinese government gave it through the public service platform".

When it comes to the issue of eight industries' export subsidies, Gao said that the United States filed a lawsuit on China's industry subsidies through the WTO dispute settlement mechanism.

Gao Hucheng pointed out that China has always respected the WTO rules, including the subsidy rules.

He expressed regret for the prosecution of the US side, but will take it seriously.

Gao Hucheng stressed that my congressional basis

The procedures of dispute settlement mechanism and the rights that WTO members have, fulfill their obligations and properly handle the issue through consultation or through dispute settlement mechanism.

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At present, with the rapid increase of labor costs in China, manufacturing enterprises, especially labor-intensive enterprises such as textiles and electronics, have significantly increased their production costs. However, due to overcapacity in domestic industries and the rise of manufacturing industries in Southeast Asia, the price of finished products in China is difficult to upgrade.

In the case of constantly squeezing the profit margins of enterprises, the task of pformation and upgrading is extremely urgent.

Through large-scale technological pformation and equipment renewal, we can improve production efficiency and reduce labor cost.

In recent years, the cost of financing has been high. It has become an increasingly heavy burden on manufacturing enterprises, which has seriously restricted the development of enterprises.

In view of the problems faced by enterprises, it is suggested that the following measures should be taken to improve the financing cost of enterprises and effectively alleviate the problem of high financing cost.

First, the government should strengthen supervision over the banking industry, standardize and standardize the charging standards of banking related enterprises, and strengthen the supervision of various financial innovations of banks.

We should supervise the banking industry to take measures to reduce the financing cost and financing cost of enterprises, limit the upward floating range of the real interest rates of bank loans, reduce the fees for intermediate fees and cancel the guarantee, and so on.

The two is to further reduce the interest rate difference between bank deposits and loans.

To relax the access conditions, allow private capital to initiate small commercial banks with various shareholding systems, promote private finance to become an integral part of the multi-level financing system, reduce the price of funds through competition, expand the investment channels of private hot money, and guide hot money to return to the real economy.

Three, we should strengthen the function of banks to support enterprises and service enterprises, and maximize the benefits to enterprises and avoid excessive profits with enterprises.

The banking industry itself needs to further reduce operating costs, learn the operation mode of foreign banks, and create new means of profit.