MNI POLICY: Outbreak Won't Weaken China's Global Position:Spox

     BEIJING (MNI) - China's Ministry of Commerce (MOFCOM) said the current

coronavirus crisis won't weaken its position in the global supply chain nor has

it caused large withdrawals of foreign capital.

     "The current global supply chain is the result of joint efforts and choices

made by enterprises from various countries over the years, and no one nor any

country can change it at will," spokesman Gao Feng said on Thursday when asked

to comment on the U.S. and Japan encourage companies to move out of China.

     - As of April 14, about 72.8% of over 8,700 foreign companies operating in

China have resumed 70% of their production capacities, an increase of 0.9

percentage point from the previous week, Gao said. 

     - MOFCOM will help foreign trade companies expand access to the Chinese

domestic market by reducing domestic sales costs, unifying standards and

matching domestic buyers, Gao said.

     - China's consumer market has picked up further. In the first half of

April, the daily sales of key retailers monitored by the ministry increased by

3.1% from the second half of March, said Gao.

--MNI Beijing Bureau; +86 (10) 8532-5998; email: wanxia.lin@marketnews.com

--MNI Beijing Bureau; +86 10 8532 5998; email: william.bi@mni-news.com

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