During the Spring
Festival of 2020, the epidemic situation spread rapidly across the country. The
whole country worked together to fight the epidemic. In order to avoid
large-scale population movement and gathering, preventive measures such as home
isolation and extension of the Spring Festival holidays were adopted. The《 International Health Regulations》 declare that the 2019-cov epidemic constitutes an "International Public Health Emergency" (PHEIC). Both
domestic and foreign are paying close attention to this epidemic situation, and
global trade and China's foreign trade are facing changes.
The Chinese
economy is bound to be affected, but the impact is mainly limited to the first
quarter. Under optimistic estimates, the prevention and control was timely and
effective, the epidemic lasted for a short period , and the impact on the
economy was mainly limited to the first quarter of 2020. The peak of the
epidemic occurred in mid-February, and then gradually declined. The quarterly
GDP growth rate is expected to be 4%, 6%, 5.8%, and 5.6%, and 5.4% for the full
year of 2020. With the background of the overall economic environment being
damaged, China's total imports and exports in 2020 will also be affected.
In view of the
global attitude towards the epidemic, so far, trade activities in various
countries have not been suspended due to the epidemic. For example, on January
30. 2020, the Deputy Minister of International Trade and Industry of Malaysia
said that although China has 2019-cov epidemic , Malaysia and China's import
and export will not be affected.
At
present, there have been no new cases in Hebei Province where our group is
located for 14 days. Most enterprises resumed work and production.