East China's Shanghai has introduced a raft of policies – with the aim of ensuring a stable and improved performance in its foreign trade and upgrading its export structures.

These will align with the goals of the 20th National Congress of the Communist Party of China, the annual Central Economic Work Conference and the 12th Shanghai Congress of the CPC.

In terms of policy implementation, Shanghai plans to strengthen the use of export credit insurance to support steady export growth. Moreover, it will move to enhance export structures, foster innovation and boost business confidence.

This approach involves providing active assistance to foreign trade companies in managing their risks, securing orders and expanding into new markets.

To bolster the quality of service, Shanghai is now taking steps towards digital transformation. It has created a service system that combines online and on-site functionalities, along with an innovative non-reporting system for insurance claims and export tax refunds.

Additionally, there will be stronger collaboration with the banks and an expansion of the State Administration of Foreign Exchange's cross-border financial blockchain service platform. The aim is to make it easier for small and micro enterprises to access financing opportunities.

What's more, Shanghai is also keeping up with new business trends. The municipal authorities are introducing credit insurance for cross-border e-commerce products, to assist businesses in avoiding risks and cutting costs.

Through these measures, the goal is for Shanghai to achieve steady growth in foreign trade, while also supporting business innovation. It's expected that these efforts will simultaneously help enhance market competitiveness and boost overall confidence about development.