CPPCC spokesman Guo Weimin: China will continue to optimize the business environment and advocate the development of global free trade

Published: May 20, 2020 17:18 (GMT+8)

The Information Center of the third session of the 13th CPPCC National Committee is scheduled to hold a press conference on the third session of the 13th CPPCC National Committee at 15:00 on SMM5. Guo Weimin, spokesman for the conference, will brief Chinese and foreign media on the conference.

On the issue of global trade, Guo Weimin said that the global pandemic of Xinguan pneumonia has indeed had a great impact on the global industrial chain and supply chain. We have also noticed that some thoughts of "anti-globalization" have emerged in the international arena, and some people have proposed to move back foreign enterprises, while others have claimed that they want to encourage their own economy to "decouple" from China. But at the same time, we also see that the leaders of most countries and the mainstream international public opinion call on all countries to strengthen unity and maintain the smooth flow of the global industrial chain and supply chain. Recent surveys conducted by some professional institutions also show that many multinational enterprises are unwilling to withdraw from other countries, including from China, and there are new enterprises that continue to invest and look forward to continuing international economic and trade cooperation.

Only the concept of unity and cooperation can overcome difficulties. We believe that advocating decoupling is not a good prescription, and the layout of the global industrial chain and the structure of the supply chain have been formed over the years and have relative stability and dependence. Beggar-thy-neighbour should not be closed and isolated. We advocate the development of global free trade and oppose protectionism and conservatism. As an indispensable part of the global industrial chain, China will show higher efficiency, better services and a better business environment. Guo Weimin said: China will continue to optimize the business environment, actively expand imports and foreign investment, and contribute to the stability of the world economy. China's policy of opening up to the outside world will not change, China's concept of win-win peace, development and cooperation will not change, and China's efforts to promote a community with a shared future for mankind will not change.

SMM "combination of period and present" training course

Registration contact: Lu Qingping, Iron and Steel Division of SMM

Tel: 021mur51595781 / 187MUE 1777MUE 4590

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
One Bullion completes second Vumba drill hole in Botswana
43 mins ago
One Bullion completes second Vumba drill hole in Botswana
Read More
One Bullion completes second Vumba drill hole in Botswana
One Bullion completes second Vumba drill hole in Botswana
[SMM Gold flash] One Bullion has completed the second hole of its approximately 3,000-metre diamond-drilling programme at the Vumba gold project in northeastern Botswana. VUDD018 reached 350.85 metres at the Central–Makoba target, while drilling had started on the third hole, VUDD019. Preliminary visual logging recorded repeated silica–carbonate alteration, quartz–carbonate veining and arsenopyrite with lesser pyrite. The oblique hole gives the explorer a second structural view of the Central–Makoba system and will contribute to its three-dimensional geological model. No assays from VUDD018 were available, however, and visual alteration, veining and sulphides do not establish gold grade, mineralised width or economic significance. Laboratory results and QA/QC review are therefore required before the target can be assessed.
43 mins ago
Bullion falls 0.9% as weekly decline reaches 3.4%
46 mins ago
Bullion falls 0.9% as weekly decline reaches 3.4%
Read More
Bullion falls 0.9% as weekly decline reaches 3.4%
Bullion falls 0.9% as weekly decline reaches 3.4%
[SMM Precious Metals Flash] Spot gold fell 0.9% to US$4,140.06 an ounce by 18:33 GMT on 2 October and was down about 3.4% for the week, Reuters reported. US gold futures settled 1% lower at US$4,162.30. Bullion reversed an earlier gain of more than 1% despite weaker-than-expected September US payroll growth, as elevated Treasury yields and the dollar’s weekly strength pressured non-yielding metals. The reversal shows that weaker employment data alone was insufficient to overcome pressure from interest-rate expectations and long-dated bond yields. Platinum also fell 2% to US$1,692.90, while palladium declined 0.5% to US$1,165.75, with all major precious metals heading for weekly losses. These figures are Reuters’ stated 2 October market snapshots, not current live quotations.
46 mins ago
Afaq outlines US$146 million Egyptian investment plan
49 mins ago
Afaq outlines US$146 million Egyptian investment plan
Read More
Afaq outlines US$146 million Egyptian investment plan
Afaq outlines US$146 million Egyptian investment plan
[SMM Gold Flash] Afaq Mining has identified a deposit containing about 305,000 ounces of gold at the West Gabal Elba concession in Egypt’s southeastern desert, chairman Mostafa Elbahr told Reuters during the Egypt Mining Forum held on 28–29 September. The privately owned Egyptian company plans to invest about US$146 million over four to five years in further exploration and an initial production facility; the spending and production have not yet occurred. The disclosure adds a prospective source beyond Sukari, which currently dominates Egypt’s modern gold output. It also supports the government’s ambition to lift national production to 800,000 ounces annually by 2030 from roughly 500,000 ounces at Sukari. Reuters did not characterise Afaq’s figure as a mineable reserve or report that its facility had been built; commercial production would still depend on further technical work, permits and financing.
49 mins ago