China's foreign trade > faces severe challenges i→™₹n 2020: report

BEIJING, June 16 (Xinhua) -- China&✘♣♠≠#39;s foreign trade faces severe ri‍​ sks and challenges inφ∏ 2020 as uncertainties intensify'↓ due to the novel coronavirus pand₽£©​emic, according to a report rel★αeased by the Ministry o¥↔f Commerce.

The risk of a global economic recession£↕ ≈ is rising, and industrial and  ™≥☆ supply chains have been disrupted wi÷α∏th shrinking international tra∞¶¥de and investment, noted α£$Ωthe report.

Domestic firms, espec✘≈ially small and medium-sized o★‍€✘nes, are facing incre" asing difficulties and m¥↔πounting employment pressure,∏÷✔® it added.

But as China's economic acti∑♦vities gradually normalize, there isγΩ still a solid found↑₽£≤ation for stabilizing the over​↔€all performance of forei™¶gn trade and foreign invα≤₽estment, the report stressed.

Official data showed China<₩< 9;s foreign trade of goods dropp€"♥≠ed by 4.9 percent yea£☆r on year to 11.54 trillion yuan (abou‍✘t 1.63 trillion yuan) in the λ∞first five months of the year.

As part of efforts to stabil®$↑ize global supply and $★←'industrial chains, the 127th C¥‌hina Import and Export Fair, or Canton☆→£φ Fair, kicked off online Monday, a fπ$irst for the decades-old tra ≤₹de fair, in south China÷←→γ's Guangdong Province.

As one of the leading global☆‌•‌ trade events so far this year$✘, the 10-day online fair has attract♥Ω₩•ed around 25,000 enterp≠≈$♦rises and hundreds of ±λ≤×thousands of global b±γuyers, with 1.8 million product$ ↕s exhibited. Endite→≈≥m

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