Gao Feng: Since the beginning of this year, in response to the severe challenges brought by COVID-19 to the development of foreign trade, according to the decisions and arrangements of the CPC Central Committee, the State Council has successively issued a series of policies and measures to keep foreign trade stable, and China's foreign trade has continued to stabilize and head upwards. China's foreign trade has played an important role in ensuring the stability of the global industrial and supply chain and promoting world economic recovery.

According to the data released by the National Bureau of Statistics, the manufacturing new export order index and import index under China's manufacturing PMI in November were 51.5% and 50.9%, increasing by 0.5 and 0.1 percentage point over the previous month respectively, indicating that both domestic and foreign demands have improved. At the same time, we can see that COVID-19 is still spreading all over the world, the international demand is generally weak, the circulation of industrial chain and supply chain is still clogged at some point, trade protectionism is on the rise, and China's foreign trade still faces many uncertain and unstable factors in its development. We will continue to push forward all work in a practical manner and devote every effort to achieve the goal of promoting stability and improving quality of foreign trade throughout the year.

With regard to foreign trade logistics, due to the impact of COVID-19, many countries in the world are facing similar problems now. The mismatch between supply and demand of transport capacity is the direct cause why freight rates increase, and factors such as poor container turnover indirectly push up shipping costs and reduce logistics efficiency. On the basis of preliminary work, we will work with relevant departments to continue to increase transport capacity, support the acceleration of container return, improve operation efficiency, support container manufacturers to expand production capacity, strengthen market supervision, strive to keep market prices stable, and provide strong logistics support for the steady development of foreign trade. Thank you!