Representatives Of The Two Sessions: Proposed The Establishment Of An International Trade Friction Fund

Zhou Xiaoguang, chairman of the National People's Congress and chairman of Xinguang Holding Group Co., Ltd. suggested that the international trade friction fund should be set up accordingly to effectively prevent and resist the risks that international trade barriers and frictions may bring.

At present, domestic enterprises are suffering from more and more international trade barriers and frictions, especially when a concentrated industrial belt or blocky economy in a certain area is subjected to international trade friction, which may seriously affect the stability and sustainable development of local economy and society.

Representative Zhou Xiaoguang said, for example, Zhejiang and Jiangsu represented areas with high economic exportability, obvious regional blocky economy and industrial cluster development. If a characteristic industry of a county (city or district) affects export because of international trade friction, it may lead to the collapse of a large number of enterprises, a large number of industrial workers to lose their jobs, and the upstream and downstream related industries to be affected, and local economic and social development will suffer severe or catastrophic damage.

The representative of Zhou Xiaoguang suggested that a joint fund should be set up in all parts of the country so as to prevent, resist and reduce the risk impact caused by international trade barriers and frictions, and help those enterprises without strong or mature experience to cope with the healthy growth of international trade.

Especially when the international trade frictions appear in the industry, it can effectively safeguard the vital interests of domestic enterprises.