SMM News: the National Development and Reform Commission held a press conference on macroeconomic operation today. Meng Wei, a spokesman for the National Development and Reform Commission, said that since March last year, Sino-US economic and trade frictions have lasted for more than a year. Although trade friction has had a certain impact on China's economic development, the impact is generally controllable. The confidence of enterprises is becoming more and more stable, market expectations are gradually rational, the policies and measures deployed by the central government are powerful and effective, and the ability of all parties to cope with external shocks is constantly enhanced. At the same time, we will fully study the possible impact of the introduction of tariffs in the United States and take timely measures to ensure that the economy is operating in a reasonable range.