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Efforts aimed at reducing COVID-19 impact on the global supply chains
China will enhance efforts to further stabilize trade, support companies and minimize the COVID-19 epidemic impact on the global supply chain, commerce ministry officials said on Thursday.
Liu Changyu, an official with the Ministry of Commerce's foreign trade department, said as the COVID-19 epidemic has affected more than 200 countries and regions, many economies have implemented unconventional measures to prevent the disease from spreading further, which has inevitably affected the global supply chain to some extent.
Maintaining the stability of the global industrial supply chain is of great significance, Liu said. "It is important to not only fight the contagion but cushion any impact of the global economy slipping into recession," he said.
According to Liu, the ministry will further stabilize foreign trade and facilitate the trade in transformation and upgrading. The ministry will help foster a number of large companies with global competitive advantages, and a large number of dynamic and innovative small and medium-sized enterprises. In addition, it will also take steps to further improve the competitiveness of China-made products in the global supply chain, Liu said.