China's foreign trade faces sev公遠ere challenges in 2020: report

BEIJING, June 16 (Xinhua) -- China&務窗#39;s foreign trade faces severe risks 我光 and challenges in 20大冷20 as uncertainties i雨睡ntensify due to the n綠文ovel coronavirus pandem靜業ic, according to a repo舞吧rt released by the Ministry of 紙門 Commerce.

The risk of a global econ鐘海omic recession is rising, and industria歌學l and supply chains在鐘 have been disrupted with shrinki區月ng international trade and invest少區ment, noted the report.

Domestic firms, especially small and m光工edium-sized ones, are facin子音g increasing difficulti下服es and mounting employment pressure, it請冷 added.

But as China's economic activi煙些ties gradually normalize, th微爸ere is still a solid foundation 少唱for stabilizing the overall perform窗做ance of foreign trade 著低and foreign investment, the report s線得tressed.

Official data showed China's fo筆這reign trade of goods dropped by 4.9 玩音 percent year on year to 11.54 t議河rillion yuan (about 1.63 trill訊風ion yuan) in the first five mont們西hs of the year.

As part of efforts to stabiliz物技e global supply and industria商機l chains, the 127th China Import an白北d Export Fair, or Canton Fair, kicked山購 off online Monday,區少 a first for the decades-old tr雨見ade fair, in south China's Gua的家ngdong Province.

As one of the leading global trade eve通樂nts so far this year, the 10-day on做動line fair has attracted around 25,0吧謝00 enterprises and hundreds 自還 of thousands of global buy來美ers, with 1.8 million produ師月cts exhibited. Endi站店tem

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