Chinese authorities do not rule out further deterioration of the situation in the field of foreign trade in connection with the rapid spread of the novel coronavirus in the world and prepare countermeasures to strengthen international supply chains. This was stated on Monday by Deputy Minister of industry and information technology of China Xin Guobin.
“due To the increasing worldwide pandemic, the situation in foreign trade relations to China could further deteriorate. We need to carefully monitor changes in the shortest possible time to prepare a response. We will strengthen the supply chain of products to such key industries as automotive and electronics,” said the Minister.