MofCom: China’s foreign trade faces “very serious” risks

The Ministry of Commerce stated that the overall foreign trade situation this year has caused a huge impact on the world economy and trade and the global industrial chain supply chain due to the epidemic situation.

The Ministry of Commerce stated that the overall foreign trade situation this year has caused a huge impact on the world economy and trade and the global industrial chain supply chain due to the epidemic situation.

As a result, uncertain and unstable factors have increased significantly, and the risks and challenges facing China’s foreign trade development remain severe.

The downward pressure is increasing throughout the year, especially for small and medium-sized foreign trade enterprises and labor-intensive industries, which may be more affected.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/05/16/mofcom-china-s-foreign-trade-faces-very-serious-risks/.

Leave a Reply

Please Login to Comment