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China’s Foreign Trade Situation May Worsen

The State Council ’s Joint Prevention and Control Mechanism held a press conference on March 30 to resume production and resume production. Xin Guobin, deputy minister of the Ministry of Industry and Information Technology, said that the spread of the international epidemic will inevitably have a greater economic impact on China’s industrial chain, supply chain and foreign trade exports. According to customs statistics, in the first two months of this year, China’s import and export of goods trade fell 9.6% year-on-year, of which exports fell 15.9%. With the further spread of the international epidemic, China’s foreign trade situation may further deteriorate. In this regard, it is necessary to closely track the development of the situation and prepare for it early.