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Ministry of Industry and Information Technology: China's foreign trade situation may further deteriorate
    March 31,2020



Xin Guobin, deputy minister of the Ministry of Industry and Information Technology mentioned at the press conference on the 30th that the spread of the international epidemic will inevitably have a greater 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 by 9.6% year-on-year, of which exports fell by 15.9% in the first two months.

 

As the international epidemic spreads further, the situation of China's foreign trade import and export may further deteriorate. In this regard, we must closely monitor the development of the situation and prepare for it as soon as possible. Xin Guobin said that on the whole, the impact of the epidemic on China's industrial economy is periodic and controllable, and will not change the basic trend of continued improvement of our country.

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