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As a major global consumer market, China has been striving to boost imports and improve its trade structure, rolling out measures to simplify customs procedures and include more products in its tariff-reduction list.
As crude oil traders adjusted their purchase plans due to the epidemic, the crude oil loading and unloading at major Chinese ports dropped 10.9 percent last week from the previous week. But with the tumbling global oil prices, Chinese companies are expected to import more crude oil in the following weeks, according to the CPHA.
As a component of that number, hardware?and accessory sales were down 67.9 percent, to .5 million.
As a result, the local economies of many cities in Liaoning were savaged by factory closures. Large-scale unemployment ensued. The economic pain was as heavy as its pillar industries of steel and machinery.
As a result, Standard Chartered is providing more consulting and facilitation services to its Chinese clients in Europe, rather than simply offering cash management and trade financing services.
来源：资阳报