source: Caihua finethk
Reuters Beijing, February 20 - China's Ministry of Commerce said on Thursday that consumption was most affected by the epidemic in the first quarter, and the consumer market is expected to stabilize at the bottom in March. It is expected that the consumer market will still be in a recovery period in the second quarter and further improve in the second half of the year, Some compensatory consumption affected by the epidemic was further released
officials of the Ministry of Commerce said at a regular press conference that the overall progress of resumption of work and production of foreign trade enterprises has accelerated, and the resumption rate of key foreign trade enterprises in Zhejiang and Shandong is about 70%; The impact of the COVID-19 on Chinese enterprises' going global is temporary and generally controllable
"preliminary analysis and judgment shows that the epidemic has a great impact on China's consumption in the short term, the impact is gentle in the medium term and gradually recovered in the later stage." Wang Bin, deputy director of the market operation Department of the Ministry of Commerce, said that the epidemic will not change the development trend of long-term stability and continuous upgrading of China's consumption
Li Xingqian, director of the foreign trade department of the Ministry of Commerce, said on the same occasion that if the epidemic lasts for a long time, China's agricultural products, food and labor-intensive industries with long industrial chains are expected to be greatly affected
he said that the Ministry of Commerce continued to pay close attention to the impact of the epidemic on foreign trade, guide all localities to track the foreign trade situation and introduce targeted policies and measures