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Chu Shijia, director of the Department of Commerce, Ministry of Commerce, said Tuesday that Sino-US economic and trade frictions have exerted some pressure on China to stabilize foreign trade and foreign investment, but the impact is controllable. He also said that a small number of enterprises have been affected by economic and trade frictions, but the impact is not significant and can not be directly linked to Sino-US economic and trade frictions.
At a press conference of the Ministry of Commerce, he said that to stabilize foreign trade and foreign investment, we should not only see the challenges brought by Sino-US economic and trade friction, but also see the favorable factors of the international economic and trade environment. Stabilizing foreign trade and foreign investment is not only to deal with Sino-US economic and trade friction. "We can't regard friction as a basket, and we should fix all the difficulties in it."
"Last year, our foreign trade and foreign investment have stabilized. Now, our foreign trade and foreign investment are stable. China's foreign trade and foreign investment have conditions of sustained stability. They were stable in the past, are stable now and will be stable in the future," he said.
At the same time, Tang Wenhong, Director of Foreign Investment Department of the Ministry of Commerce, who attended the conference, also said that China's foreign investment has maintained a steady and positive trend in the first five months of this year, despite the decline in cross-border investment.
At the beginning of last year's frictions, some enterprises still had some worries. After more than a year's active response, they have more solutions and more confidence to minimize the adverse effects.

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