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On April 15th, foreign media observed that the policy effect of China's steady growth in foreign trade was gradually showing. The backlog of export orders due to postponed resumption of work was delivered one after another, which led to a sharp narrowing of the decline in the value of exports denominated in US dollars in March. The improvement in imports and exports in March showed that China's foreign trade resilience is still on, especially that ASEAN surpassed the EU to become China's largest trading partner, showing that China's export destination diversification is accelerating. Demonstrate China's foreign trade resilience According to a report by Reuters in Beijing on April 14, Wang Jun, chief economist of Centaline Bank, said: "The resilience of imports and exports in March is still in place, but what is more worrying is the performance in the following months, which still needs to be observed." He It is believed that the greater impact may still be in the back, mainly in two aspects: first, the decline in external demand is steep, and orders have shrunk sharply; second, the tendency of trade protectionism has risen, the trend toward deglobalization and desinicization has intensified, and part of the supply chain has been heavily Structure. The first impact may be short-term and the impact is severe, and the second impact may be slower, but the impact is far-reaching. China's General Administration of Customs announced on the 14th that the dollar-denominated exports in March fell by 6.6% year-on-year, and the median value of Reuters survey estimates fell by 14%; imports fell by 0.9% year-on-year, and the median value of Reuters estimates fell by 9.5%. The trade surplus for the month was $ 19.9 billion, and Reuters estimated the median surplus to be $ 19.1 billion. Both China's imports and exports in March were better than expected, and the trade balance also turned from a deficit in the previous two months to a surplus. Export diversification is accelerating The report pointed out that the diversification of China's export destinations is also in progress. In renminbi terms, the total value of China `s imports and exports to ASEAN in the first quarter was 99.134 billion yuan, a year-on-year increase of 6.1%, and accounted for 15.1% of China `s total foreign trade. In the first quarter of this year, ASEAN has replaced the EU as China's largest trading partner. Among them, China's import and export to Vietnam and Malaysia played a "leading" role, driving the overall growth of ASEAN's foreign trade by 5.6 percentage points. In the first quarter, the trade volume between China and Vietnam increased by 18%, and the trade volume with Malaysia increased by 7.6%. May face more difficulties Reuters believes that the overseas epidemic began to spread rapidly in March, and the global economic downside risks have increased, which has also increased the difficulties faced by China's foreign trade, and greater impact may be behind. Problems such as the reduction of new foreign trade orders have begun to emerge gradually, and the restructuring of supply chains and industrial chains due to the possible warming of global trade protectionism is more worthy of vigilance. The British "Financial Times" website reported that Julian Evans-Prichard, senior economist of Kaitou International Macroeconomic Consulting Co., wrote in a report on the 14th: "The most difficult time for China's export industry has not yet Coming. Although the disturbance on the supply side of factory activities has been reduced, foreign demand will drop sharply this quarter due to the impact of the new coronary pneumonia epidemic on economic activities outside China. "

The World Trade Organization's report "Global Trade Data and Outlook" released on April 8 shows that due to the impact of the new coronary pneumonia epidemic, global trade is expected to shrink by 13% to 32% in 2020, and the shrinkage may exceed the level of the 2008 international financial crisis. The report also emphasized that global trade is still likely to recover in 2021, but there are also uncertainties, and its final performance depends to a large extent on the duration of the epidemic and the effectiveness of national anti-epidemic policies. The report shows that due to trade tensions and slowing economic growth, global trade in goods has fallen by 0.1% in 2019. In 2020, basically all regions of the world will experience a double-digit decline in trade volume. From an industry perspective, the shrinking trade in the electronics and automobile manufacturing industries will be more severe. Due to the promulgation of different levels of transportation and travel bans in many countries around the world, service trade has been the most directly affected. Unlike trade in goods, there is no stock in trade in services, and current losses are difficult to recover in the future. The Secretary General of the World Tourism Organization Zurab Pololikashvili said that it is difficult to assess the overall impact of the new coronary pneumonia epidemic on the global tourism industry, but it is now necessary to fully support the tourism industry to make it stronger and more capable. Resist risks because the recovery of the tourism industry will bring more jobs and boost economic growth. American economist Harald Malm Glenn believes that the impact of the decline in global trade on emerging market economies and other major exporters will last longer, and the government needs more wisdom to formulate strong policies to reduce losses. WTO Director-General Azevedo said at a video conference on the day of the report that the epidemic has caused an inevitable decline in global production and trade, which will bring severe problems to millions of low-income workers and their families engaged in services Test and further exacerbate income inequality. The ILO also published a research report entitled "The New Coronary Pneumonia Epidemic Situation and the World of Work" on the 7th, which believed that the New Coronary Pneumonia Epidemic Pandemic is "the most severe global crisis since the Second World War" The quarter resulted in the disappearance of 6.7% of global working hours, which is equivalent to 195 million full-time employees. Director-General Guy Ryder called on the world to find solutions that can help all sectors of society, especially those most vulnerable or powerless. "We must work to build a new, safer, fairer and more sustainable social security system." Liu Zhenmin, deputy secretary-general of the United Nations in charge of economic and social affairs, said in a written briefing to the media: "Urgent and bold Policies and measures to control the epidemic, save lives, and protect vulnerable groups in society while maintaining economic growth and financial stability. " In the era of economic globalization, we can only get rid of difficulties by working together. Azevedo believes that the correct way to deal with the impact of the industrial chain is international cooperation and international coordination to ensure the stable supply of products and the normal operation of international trade. If all countries work together, the world economy will recover faster than individual actions alone. The International Monetary Fund has also previously issued a statement that resisting the impact of the epidemic requires a coordinated global health and economic policy. A number of international organizations are collaborating to ensure that countries affected by the epidemic are supported through emergency financing, policy advice and technical assistance.

Washington, April 2nd, according to the Global Real-time Coronary Pneumonia Inquiry System released by Johns Hopkins University in the United States, as of 4:00 pm EST on April 2, the global incidence of new coronary pneumonia has exceeded one million, reaching 1002159 cases. The number of deaths exceeded 50,000, reaching 51,485. The number of cures exceeded 200,000, which was 208,949 cases.Among them, 236339 cases were confirmed in the United States, 5648 cases were fatal, and 8861 cases were cured. Currently, the top five countries with confirmed cases are the United States, Italy, Spain, Germany and China.The GangLing Company expresses its regret and blessing to the people around the world affected by this epidemic, and hopes that the epidemic worldwide will be brought under control as soon as possible and that the people will no longer be harmed by the epidemic. People from all over the world come to overcome the epidemic!

Xinhua News Agency, Geneva, March 23 (Reporter Liu Qu) The latest data released by the World Health Organization on the 23rd showed that 251,329 confirmed cases of new coronary pneumonia outside China reached 251,329. According to data from Johns Hopkins University, as of 18:43 EST on the 22nd, there were 33,073 confirmed cases of new crown virus in the United States. U.S. Vice President Burns confirmed at a press conference on the 22nd that at least 254,000 Americans have been tested for the new crown virus and obtained results, but this data does not include data from local hospitals and private laboratories. The WHO daily epidemic report shows that as of 10:00 on the 23rd of Central European Time (17:00 on the 23rd of Beijing time), the number of newly diagnosed cases of new coronary pneumonia outside China increased by 40685 from the previous day to 251329; deaths outside China were higher An increase of 1,718 cases a day reached 11,234 cases. Globally, the number of confirmed cases of new coronary pneumonia increased by 40,788 cases to 332,930 compared with the previous day; the number of death cases increased by 1,727, to 14,510 compared with the previous day. In the past 24 hours, the first confirmed cases were reported in three countries: Syria, Grenada and Mozambique.

The United States has recently released a series of economic data. The data on the US service industry, manufacturing and consumer confidence have become increasingly ugly. The financial sector has experienced a series of dangers and flashovers. The shortage of liquidity has continued for nearly 90 days. Various signs indicate that the economic expansion of the US economy for 11 years is unsustainable, and signs of economic contraction are beginning to appear. A series of recently released data shows that the US service industry, manufacturing and consumer confidence data are becoming increasingly ugly, financial markets have been collapsing, and liquidity shortages have continued for nearly 90 days. This shows that the continued expansion of the US economy for 11 years is unsustainable. The current American economy complies with the sentence in "A Dream of Red Mansions": "Although the outer shelf is not very down, the inner bag is up." Data released by the American Institute of Supply Management recently showed that the growth rate of the US non-manufacturing index (tracking medical, financial, agricultural, and construction) in November was lower than October, and fell from 54.7 in October to 53.9. Statistics show that business investment is still a weak link in the economy. Non-residential fixed investment (reflecting business expenses in software, R & D, equipment, and structure) fell by 2.7% in the third quarter after a 1% decline in the previous quarter. According to the government's first extensive estimate, U.S. corporate profits began to decline in the third quarter, and a key indicator of business earnings (excluding after-tax profits, which excludes inventory valuation and capital consumption adjustments) fell by 0.6% from the previous quarter. Compared with the third quarter of last year, profit after tax fell by 0.4%. Data released by the Institute of Supply Management recently showed that the PMI of the US manufacturing industry dropped 0.2 to 48.1 in November, shrinking for 4 consecutive months. The new orders index fell 1.9 to 47.2, the inventory index fell 3.4 to 45.5, the employment index fell 1.1 to 46.6, and the new export order index fell 2.5 to 47.9. Manufacturing accounts for about 11% of the US economy. The continued shrinking manufacturing industry has aggravated concerns that the economic growth of the United States in the fourth quarter of this year may slow down sharply. Although the unemployment rate in the United States fell in November compared with the previous month, and new jobs in the non-agricultural sector were higher than market expectations, it still failed to support the US consumer confidence index. In November, the U.S. consumer confidence index fell for the fourth month in a row. This is another sign that U.S. households are cutting back on spending in the face of a slowing global economy and continuing concerns about trade policies. The Federation of Large Businesses said its consumer confidence index fell to 125.5 in November from 126.1 in October. The consumer index of current business and labor market conditions fell from 173.5 in October to 166.9 in November. In addition, affected by US trade policy, most US retailers are trying to [digest" tariff costs, and small and medium-sized retailers are in a particularly difficult situation. Although US consumers have not yet clearly felt the impact of price increases, the survey shows that 80% of consumers are worried about tariffs pushing up prices. Consumption plays an irreplaceable pull on the US economy. However, over-reliance on consumer-driven growth is problematic. The potential strength of the US economy is declining, and consumption data has traditionally been a lagging indicator of economic weakness. The business cycle is driven by housing and business investment, and it is too late by the time consumer spending begins to weaken. When an economy's growth is too dependent on consumer spending, it is often a warning sign. At present, the US's dominant position in the global service economy has declined. From 2003 to 2015, the U.S. trade surplus in services such as medical services, higher education, royalties, and payment processing increased nearly five-fold to $ 263.3 billion. However, growth has stalled since then. In the first nine months of 2019, exports of services barely increased, and imports increased by 5.5%. By the end of September, the U.S. service trade surplus was US $ 178.5 billion, a decrease of 10% from the same period of the previous year, and the largest annual decline since 2003 is likely. The U.S. service industry has created millions of jobs in the academic, technology, financial, and consulting fields, often in high-skilled jobs. The decline in the dominance of the service industry means a decline in US core competitiveness. In the financial field, the United States is in danger. Recently, the U.S. financial market has continued to collapse, and the New York Federal Reserve has continued to invest liquidity in the market. In the day of December 4, it injected $ 70.1 billion of temporary liquidity into the financial market. Banks sold $ 54.9 billion in U.S. Treasuries and $ 15.2 billion in mortgage securities to the Federal Reserve, and the Federal Reserve took all of those bonds. The Fed's intervention aims to ensure that the financial system is sufficiently liquid and that short-term lending rates are stable. Since mid-September, short-term interest rates have soared unexpectedly due to a variety of factors, and the Federal Reserve has been intervening in the market in the current way. However, the liquidity provided by the Federal Reserve to the US financial market is like entering a black hole, silent and unresponsive. So what the Fed can do is keep printing money and buying debt. Some financial institutions predict that the yield on 10-year US Treasury bonds will fall to around 1.2 by the middle of next year, and the yen-dollar exchange rate may be rocketing into the sky.

At present, 35 cross-border e-commerce comprehensive test zones have been approved in three batches across the country. Cross-border e-commerce has gradually become a new engine to help China's foreign trade supply-side structural reform. The development of the cross-border e-commerce comprehensive pilot zone enjoys a good momentum. The important reason is that a set of policy system adapted to the development of cross-border e-commerce has been gradually established, which has created a good business environment for foreign trade enterprises. The first is the integration of online and offline comprehensive services, which reduces the cost of information transactions and improves the level of facilitation of customs clearance. For example, deepening the integration of national customs clearance and further improving the "three mutual" customs clearance working mechanism; relying on the "single window" of international trade to carry out the construction of a national version of the cross-border e-commerce online comprehensive service platform, and build a more convenient trading environment. Second, financial services have been continuously upgraded, which has effectively reduced corporate operating costs and promoted the rapid growth of cross-border e-commerce. By the end of 2018, the number of platforms with cross-border payment qualifications in China reached 30. At present, the business of many cross-border payment enterprises in China has covered more than 40 countries and regions. Thirty-third is efficient and convenient logistics services, which has connected the international industrial chain of cross-border e-commerce and expanded overseas marketing channels for enterprises. China's express delivery companies can provide diversified comprehensive solutions such as international express delivery, international e-commerce delivery, international freight, international parcels, overseas warehouses, and cargo collection. At the same time, the international logistics lines along the [Belt and Road" have flourished, effectively supporting the development of Silk Road e-commerce.

The mask crisis of the economies of Germany, the United States, and South Korea also reflects the lack of manufacturing capacity in these countries. You know, they used to be in a leading position in some aspects of the manufacturing industry in the past. Obviously, in response to the global public health emergency of the new crown virus, the manufacturing capabilities of many European countries such as Germany, the United States, and South Korea are already in a weak position Status. This means that these countries need to purchase a large number of masks. Before the spring of 2020, no economist in the world could think of it. One day, a small mask suddenly became the "currency" of many countries in the world. The mask was not a panacea, but the large-scale outbreak of the new crown virus in the world caused When the economy of many countries such as the United States appears depressed, it is absolutely impossible without masks. From this perspective, the economies of the United States, the European Union and other economies are now unfolding around masks. The BWC Chinese website exclusively refers to this phenomenon as the "mask economy." Accompanied by it, the United States and Europe are constantly arguing about masks, and the root cause is that these countries have fallen into mask shortages. According to the important value of masks that are not available to the global economy and production and life at this time, Masks in many countries such as the US and Europe have suddenly risen to "currency shortages." First take Germany as an example. Following the recent arrest of 240,000 masks in Switzerland and the blocking of 830,000 masks in Italy. German customs again seized medical protective supplies such as masks and trucks destined for Switzerland and the United States. What surprised the media was that the German customs did not care about the consequences. Even the masks shipped to the United States dare to be confiscated. This shows how important the masks are in today's world economic environment. In this regard, according to the German Federation, protective equipment can only be exported if significant German needs are met. This applies even if other countries lack protective equipment and endanger human life. Obviously, the German economy is raising the "mask economy" to a strategic level. It even means that in the eyes of the German economy, those who get masks, or the feeling of winning. Looking at the United States again, the Fed's launch of QE5 still failed to stop the recent plunge in the U.S. stock market. The Fed has already run out of food and there have been multiple fuses in the U.S. stock market. The United States will finally use the abuse of the U.S. dollar to promote the country `s economy. Now that the new crown virus is responding, the US National Defense Production Act (DPA) has been urgently launched to rapidly increase the domestic production of masks and medical protective equipment in the United States. And emphasized, "We (USA) need related parts, we (USA) need masks, we (USA) need ventilator." Perhaps the U.S. economy is now fully aware of the importance of responding to the new crown virus, but it seems to be recovering. According to forecasts by Goldman Sachs and the U.S. Congress and Supreme Court physician Brian Monaghan, up to about 150 million people (nearly half of Americans) will be infected with the new crown virus. And the US Department of Health and Human Services predicts that if the new outbreak of new pneumonia in the United States, the United States will urgently need 3.5 billion masks, but the production capacity of American companies can not meet the demand for masks across the United States. As a result, the price of protective equipment such as masks in the US market has been soared to 2000% or even higher. Analysis believes that, or only if the United States receives a large supply of masks, the US economy seems to be able to survive the Great Depression. Moreover, in Asia, many economies have also experienced economic phenomena caused by mask shortages. Take South Korea as an example. According to media reports, some stores in South Korea have begun to use barter mode. Three masks can be exchanged for a sober soup, and five masks can be cut. On the Internet, there are four masks for one mask and two masks for movie tickets. Because masks are hard to find, in Korea, masks do become money. And the mask crisis that the economies of Germany, the United States, and South Korea fall into also reflects the lack of manufacturing capacity in these countries. You know, they used to be in a leading position in some aspects of the manufacturing industry in the past. Obviously, in response to the global public health emergency of the new crown virus, the manufacturing capabilities of many European countries such as Germany, the United States, and South Korea are already in a weak position Status. This means that these countries need to purchase a large number of masks. It is worth noting that Reuters reported on March 18 local time that the EU has been unable to find sources of masks and goggles in a joint procurement operation launched earlier this month. However, the European Commission said on the same day that it would receive 2.2 million masks and 50,000 test kits from China. The reason why the relevant US departments not long ago quietly erased related medical masks, doctor gloves and other products from a list. In addition, South Korea said it will allocate 84.8 billion won (about 480 million yuan) for the purchase of 100 million emergency masks. Analysis believes that this procurement plan in South Korea is likely to source mainly from the Chinese market. And the above-mentioned economies' purchase demand for masks is just a microcosm of the eager expectation of mask products by many economies around the world. The important logic behind this is that medical protective equipment such as masks made in China are playing a role. In response, Michael Ryan, an official from the World Health Organization, said recently that "the (global) market has snapped up (medical protective equipment), and we need to maintain order and discipline in this regard." "China and other countries have huge We are working with these countries and other large producers of such equipment to see how we can increase production. " This is corroborated by the BWC Chinese website's exclusive proposal as early as March that Chinese masks are becoming the new hard currency in the world. Prior to the epidemic, the overall production capacity of Chinese masks was more than 20 million pieces per day, the highest production capacity in the world, accounting for nearly half of the global production capacity. At present, the daily output of China's masks has reached 116 million, and this increase in production capacity took only 9 days, showing the value of China's speed and manufacturing in China. This is also a microcosm of the important role played by Made in China in the global economy. We must know that China's manufacturing industry ranks first in the world and is the only country in the world with all industrial categories. Therefore, for companies producing masks in Germany, the United States, South Korea, and Japan, Vietnam, and other countries, most of the production materials, such as machinery and equipment, non-woven fabrics, and meltblown layers, need to be imported from Chinese companies. From this perspective, the supply of masks worldwide is almost inseparable from Chinese manufacturing. Riskmethods, a supply chain risk management software company, made a detailed description of Made in China in a report updated last week. Riskmethods cited a survey conducted by German supply chain consultant Kloepfel Consulting in February that found that among the companies surveyed 81% rely on Chinese suppliers. Coincidentally, some American consumers were asked by reporters, "Can the products you need be produced in other countries?" A: "No, only China has a complete production chain." "Can you reduce your dependence on Chinese manufacturing?" A "No, China has our key suppliers." "Are there any alternatives to this Chinese product you imported?" A: "No, American consumers like and rely on this Chinese product." Not only that, in emerging markets, The Hindu News reported that during major Hindu festivals ("Lighting Festival"), almost all related products such as lamps, incense, fireworks, idols, etc. sold on the market were Produced in China. The "Hindustan Times" earlier quoted a survey of 8,973 Indian consumers (pictured above), saying that 83% of Indian consumers said they prefer Chinese products over Indian products. According to the report, Indian consumers stated that there is no substitute for the dual advantages of price and quality of Chinese products among similar products. They said, "We can't stand the days when we haven't made in China and made in China, and we are very dependent." (Reprinted: Tencent News Client from the media)

Beijing time March 17 news, Trump said at a news conference on Monday that the US economy may fall into recession due to the new crown pneumonia epidemic. This is the first time he has acknowledged the terrible consequences of an outbreak. Mr Trump said the worst-case scenario was that the crown virus outbreak could end in July, August, or later. After the virus disappears, the US economy may rebound dramatically. Trump also said that the US government may consider a blockade of [certain areas" or [hot spots" of the epidemic, but said he has not considered a comprehensive blockade of the country. Mr Trump said the current focus is on fighting the virus itself. During Trump's speech, U.S. stocks fell again in the late session, and all three major stock indexes fell more than 10%. The opening of the major US stock indexes triggered the fusing mechanism on Monday, and trading was suspended for 15 minutes. U.S. Treasury Secretary Steven Mnuchin also said earlier on Monday that demand for stocks would surge if the coronavirus threat subsides. "Once the epidemic is over, there will be a lot of suppressed demand. The epidemic will eventually end," Mnuchin said. Mr. Mnuchin also said he believes that major U.S. banks will be able to cope with this market downturn, unlike their performance during the 2008 financial crisis. Concerns about the new crown virus and global efforts to slow its spread have paralyzed multiple industries and threatened industries such as the catering and entertainment industries. As leaders of U.S. states and cities take unprecedented measures to curb the spread of the virus, the potential damage to these businesses is expected to increase further.

With a huge market, a rapidly emerging new industry and a continuously optimized business environment, China's comprehensive advantages in the global industrial chain and supply chain will not weaken, but will only increase China not only contributes to the stability of global supply chain, but also provides Chinese opportunities for international enterprises to share development dividends Shanghai's urgent business needs to find out the "list of problems" and put forward the "list of solutions" so as to promote the return to work rate of Foreign-funded Industries to 99.9%; Guangdong industry and information technology department combed out the list of 102 key manufacturing enterprises and established the "one-to-one" tracking service mechanism for the return to work; Jiangxi opened up the import and export obstruction, and promoted the resumption of the Jiangxi Europe train and the full cargo plane flight from Nanchang to lieri, Belgium Re sailing... With the situation of epidemic prevention and control continuing to improve, all regions should take multiple measures to promote the whole industrial chain to speed up the resumption of production. This not only solves the urgent need for enterprises, but also provides strong support for maintaining the stability and security of the global industrial chain and supply chain. How will the epidemic affect China's industrial chain? Will it affect China's position in the global supply chain? Novel coronavirus pneumonia has been widely seen in the international community after China's new crown pneumonia outbreak. However, some people worry that the epidemic is spreading and spreading around the world, which will impact China's industrial chain and supply chain. How can we see this problem rationally? In the short term, the impact of the epidemic on China's economy is inevitable, and some industries and enterprises will also be impacted. In particular, the deep integration of the global supply chain, the situation of epidemic prevention and control in foreign countries, in turn, will have an impact on China. Some foreign trade enterprises may encounter problems such as difficulty in receiving orders, difficulty in performing contracts, poor international logistics, increasing trade barriers, etc. On the one hand, China has the largest manufacturing system in the world, with the most complete categories and supporting facilities, which plays an important role in the global industrial chain and supply chain. After the outbreak of the epidemic, home appliance enterprises such as Gree Electric and Midea Group have been put on the production line of masks. SAIC GM Wuling has independently produced full-automatic masks in only 76 hours. Sinopec has built a factory to manufacture the raw materials of masks, i.e. melt blown cloth, in 12 days One by one cross-border war epidemic cases reflect China's complete manufacturing system and upstream and downstream supporting capabilities. In a global value chain system where productivity and infrastructure are increasingly important, China has an irreplaceable comparative advantage. It can be said that the short-term epidemic cannot and will not shake China's position in the global industrial chain and supply chain. On the other hand, China's epidemic prevention and control situation continued to improve, and the order of production and life accelerated to recover. Key industries and leading enterprises, including foreign-funded enterprises, returned to work one after another. This not only shows the strong toughness of China's industrial chain and supply chain, but also maintains the security of global supply chain. Not only that, China has taken a series of policy measures to hedge the impact of the epidemic, but also will introduce targeted measures. Therefore, there is no large-scale transfer of industrial chain and supply chain from China to the outside due to the impact of the epidemic, which makes China more attractive to global industries. If we take a long view, we will find that China is not only an important part of the global supply chain, but also an important "world market"; there are not only short-term measures to help enterprises, but also long-term mechanisms to optimize the business environment. With a huge market, a rapidly emerging new industry and a continuously optimized business environment, China's comprehensive advantages in the global industrial chain and supply chain will not be weakened, but will only be strengthened. Facts are the best answer. China's responsibilities and responsibilities in stabilizing the global supply chain have won the favor of more and more farsighted international enterprises. LEGO Group of Denmark plans to continue to open 80 retail stores in China this year; Tesla plans to expand the capacity of Shanghai Super factory after the resumption of production China's measures to promote the resumption of work and production in the process of expanding opening up not only contribute to the stability of global supply chain, but also provide China with opportunities for international enterprises to share development dividends. "China's economy is a sea, not a small pond.". With the acceleration of the resumption of work and production, the orderly restoration of production and life order, and the smooth operation of the foreign trade industry chain and supply chain, I believe everyone will have a deeper understanding of this sentence.

China News Service, March 18th. According to real-time statistics of WHO as of 16 pm Central European Time on the 17th (23:00 Beijing time on the 17th, Beijing time), more than 180,000 new cases of new coronary pneumonia have been diagnosed worldwide, including those diagnosed outside China. 102,969 cases. The latest WHO daily epidemic report shows that as of 10 am Central European Time (17 pm Beijing time, 17 pm Beijing time), the largest number of new cases in 24 hours was in Europe, with a total of 8507 new cases. A total of 64,189 cases have been confirmed. This was followed by the Americas with 2,234 new cases. The report shows that in the past 24 hours, eight new countries and regions around the world have experienced new crown pneumonia outbreaks. As the global epidemic enters the "pandemic" phase, WHO is committed to working with tourism and transportation sectors to improve its preparedness and response capabilities.

On Tuesday, Eastern time, U.S. stocks opened higher, then fell all the way, and once fell below 20,000 points. turn off. With some good news coming out, US stocks rebounded at a low level. The Dow eventually closed up more than a thousand points, the S & P 500 closed up about 6%, and the Nasdaq closed over 6%. Dow rose nearly 21%, Intel rose more than 12%, leading the Dow. Specifically, as of the close of the day, the Dow rose 1048.86 points, or 5.20%, to 21237.38 points; the Nasdaq rose 430.19 points, or 6.23%, to 7334.78 points; the S & P 500 index rose 143.06 points, or 6.00%, to 2529.19 points. Large-scale U.S. technology stocks closed up. Apple rose 4.4%, Amazon rose 7.03%, Nai Fei rose 7%, Google rose 4.2%, Facebook rose 2.34%, and Microsoft rose 8.23%. Most U.S. financial stocks closed up. JPMorgan Chase rose 6.08%, Goldman Sachs rose 2.59%, Citigroup fell 2.21%, Morgan Stanley rose 6.73%, Bank of America rose 7.53%, Wells Fargo rose 11.81%, and Berkshire Hathaway Up 4.2%. U.S. energy stocks were mixed, Exxon Mobil rose 6.71%, Chevron rose 1.41%, ConocoPhillips rose 0.61%, Schlumberger fell 2.88%, and EOG Energy fell 0.71%. Most of the hot stocks closed up, Alibaba rose 3.33%, Jingdong rose 8.83%, Baidu rose 1.62%; Wanda Sports rose 23.81%, Thunder increased 18.91%, Happy Times rose 15.7%, Bilibili rose 9.88%, slightly Bo rose 3.05%, Pinduoduo rose 3.73%, NetEase rose 4.38%, Renren.com fell 14.61%, and Weilai Automobile fell 1.36%. On the news, at noon on March 17, Eastern time, at the press conference on the latest US epidemic situation and policy convened by Trump, Treasury Secretary Steven Mnuchin announced that the U.S. government will launch a tax cut, a A total of 500 billion cash checks were issued to the U.S. public during the month, and the Federal Reserve launched a monetary stimulus package of up to 1 trillion, including monetary policy tools, to help businesses and individuals respond to the new crown pneumonia epidemic that is spreading throughout the United States and caused by the outbreak Economic loss. Umnuchin also said that U.S. taxpayers can also postpone tax payments by 90 days. European shares closed collectively higher. The average price index of 100 stocks in the Financial Times of the London stock market closed at 5294.90 points on the 17th, an increase of 143.82 points or 2.79% over the previous trading day. The CAC40 index of the French Paris stock market closed at 3,971.78 points on the 17th, an increase of 110.32 points or 2.84% over the previous trading day. Germany's Frankfurt stock market DAX index rose 196.85 points on the 17th, an increase of 2.25%, to close at 8939.10 points. International oil prices fell on the 17th. The price of West Texas Intermediate Crude Oil (WTI) futures for delivery on the New York Mercantile Exchange fell by $ 1.75, or 6.1%, to close at $ 26.95 per barrel, the lowest level since February 2016. The price of Brent crude for May delivery on the London Intercontinental Exchange fell by $ 1.32, or 4.4%, to close at $ 28.73 per barrel, the lowest level since January 2016. The international gold price rose on the 17th. The most active April gold futures price on the New York Mercantile Exchange gold futures market increased by $ 39.3 on the 17th from the previous trading day to close at $ 1525.8 per ounce, an increase of 2.64%. The US dollar index rose sharply on the 17th. As of late trading in New York, the US dollar index, which measures the dollar against six major currencies, rose by 1.51% to 99.5654.

As the spread of the new crown pneumonia epidemic in the United States caused widespread concern in the market, the New York stock market fell sharply on the 16th and triggered a 7% fuse. After the resumption of trading, the decline expanded. At the close, the three major stock indexes of the New York stock market plummeted more than 11%. As of the close of the day, the Dow Jones Industrial Average fell 2997.10 points, a drop of 12.93%. The S & P 500 stock index fell 324.89 points, or a decrease of 11.98%. The Nasdaq Composite Index fell 970.28 points, or 12.32%. The Dow Jones Industrial Average hit its largest one-day drop since "Black Monday" in 1987, and the US stock market triggered the fuse mechanism for the third time since the 9th of this month. The Chicago Board Options Exchange Volatility Index (also known as the "panic index"), which measures the panic sentiment of stock market investors, hit a high of 83.56 points in the 16th session and closed at 82.69 points, refreshing the index set on November 20, 2008. The previous record high of 80.86 points. After the Federal Reserve announced an emergency rate cut of 100 basis points on the 15th and restarted quantitative easing measures, the market did not respond positively. In this regard, Frank Capelleri, managing director of Nomura Jixun, said that the market has not stopped falling, and the new crown pneumonia epidemic and the historic Federal Reserve interest rate cut will continue to be the focus of the media. "We are dealing with problems that are far greater than the economy itself. According to reports, the US aviation industry is seeking more than $ 50 billion in assistance from the government, including direct assistance and loan guarantees, to alleviate the impact of the new crown pneumonia epidemic on the aviation industry. US President Trump said on the 16th that the US government is willing to provide the greatest support to the aviation industry. The decline in airline stock prices has narrowed. Trump also said that the worst of the epidemic could last until August and that the U.S. economy could fall into recession. His statement further dampened market sentiment, and the market accelerated its decline in late trading. The data released by the Federal Reserve Bank of New York on the 16th showed that the manufacturing prosperity index of New York State in March was -21.5, which was significantly lower than market expectations of 4.8 and February's 12.9, setting a record low for the index, indicating that the outbreak has begun to affect the US economy Bring impact. Bank of America Global Research said on the 16th that the market is now experiencing a short-term confidence shock, not a long-term confidence shock during the financial crisis. The global central banks are expected to implement a more aggressive easing monetary policy, and governments will also introduce relevant fiscal policy measures. Bank of America Global Research said that the U.S. stock market fell from the peak of the bull market to the bear market in just 21 days. decline. At present, large-scale fiscal stimulus measures are very important so that the situation can be reversed.