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SCIO briefing on China's imports and exports in 2023

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Bloomberg News:

I have a question about the Red Sea. You mentioned earlier that the issues in the Red Sea will affect China's exports and imports this year. Can you give us more details about your expectations for how the conflict in the Red Sea and the Suez Canal will affect Chinese trade, and what China will do to try to ameliorate the effects of this? Also, this morning the U.S. and UK started to attack the Houthis in Yemen. Do you think this is going to have a positive effect or will it make the situation even worse? Thank you.

Wang Lingjun:

These are also problems we have been following up with and are concerned about. I invite Mr. Lyu to answer your questions.

Lyu Daliang:

Thank you for your questions. As we all know, the Red Sea waters are important international freight lanes. The security and stability of the waters have great importance for global trade in goods and supply chains and are also critical to the interests of many enterprises around the world. Our customs is an important link between import and export chains, and we have been following up with the issue. At present, the regular sea passage has been affected to some extent, increasing unstable and uncertain elements on sea routes, global trade, and interests of enterprises. We are currently keeping an eye on it. If there are any relevant important updates, we will share them in due time. Thank you.