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And the global trade pattern will hence become more scattered, while the reorganization of supply chains will be shorter and more diversified, Moody's said. "Though it could be healthier, however it could also lead to low efficiency and high inventory," it added.
An overall plan will then be submitted to the central authorities for consideration.
Analysts said the US oil futures price turning negative reflects an energy market continuing to reel from the dual demand-supply shock amid the COVID-19 pandemic, and China should further increase domestic oil and gas storage facility construction for better energy security.
Analysts from Shanghai-based Sinolink Securities said overseas institutions will invest mainly in companies that face little competition in the local market, produce positive financial performance and have potential to emerge as super brands in the future.
And despite this hurdle, China-Germany cooperation has never been stronger. China is Germany's largest trading partner and Germany has remained China's largest trading partner in Europe for over four decades. The high rate of exchange of visits by top leaders — this is Li's fourth visit to Germany, and Merkel has visited China 11 times — underlines an exemplary relationship that is built on broad common interests and shared aspirations. Apart from trade, the two countries see eye to eye on issues ranging from the Iran nuclear deal to the climate change agreement.
来源：资阳报