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China's foreign trade will ride out the current volatility despite the novel coronavirus epidemic, as the country is expected to roll out more supportive measures, said officials and analysts.
China's commercial oil stockpiling sector bought large storage in 2020 and delivered big profits for operators, traders and refiners worldwide.
China's economic growth momentum held up in April despite slowing fixed-asset investment and retail sales growth, with analysts expecting the nation's policy stance to remain unchanged in the coming months.
China's monetary policy is expected to remain stable next year, and additional liquidity injection is necessary in the coming months, according to Goldman Sachs Investment Strategy Group.
China's effort to cut overcapacity in steel and coal is expected to face its most difficult challenge this year, although the target may look small compared with the previous two years, analysts said.