Phoenix TV:

We are concerned about the situation regarding foreign trade. Although the figures have already been announced, we would still like to ask whether there are preliminary estimates from the National Bureau of Statistics. If the international environment continues to have uncertainties, especially any potential Sino-U.S. trade friction escalation, will it impact on foreign trade in the second quarter or even the second half of the year? And how big will the impact be do you think?

Xing Zhihong:

The issues of foreign trade are everyone's significant concern. Sino-U.S. trade is not only a problem between the two countries, but also an international issue. China has never deliberately pursued a trade surplus. In the past two years, China's trade surplus has been narrowing. The reason why foreign exports continues to grow is because China has comprehensive competitive advantages. At the same time, China's imports have also increased, reflecting the strong growth in domestic demand in China. In our foreign trade, we pursue a trade balance. This kind of balance is also conducive to the development of the domestic economy.

Regarding the issue of Sino-U.S. trade, the Chinese government has already demonstrated its firm stance. The pattern of our opening up to the outside world is further expanding. When one door shuts, another opens. Our trade space is still very large. We can continue to maintain a balance of import and export as the domestic enterprises continuously enhance their competitiveness. Thank you.

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