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John Wang
in
Stocks
May 14 19:07

China Commerce ministry gives a statement on the state of the trade

The pressure remains.
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Commerce ministry of China made an official statement concerning the national trade on May 14. The officials claim that the country is under heavy pressure because of the pandemic crisis.
The ministry representative also warned the public of a great damage done to the companies inside the country. Medium and small businesses, as well as labour-focused have been impacted the most.
The last Chinese trade report turned out to be unexpected good news for the markets. Imports in the first quarter of the year fell by much less than expected. Exports proved almost all the forecasts wrong and increased in the first months of the problematic year.