China said on Thursday that the impact of the coronavirus pandemic on global supply chains will pressure Chinese exporters and importers as they look to pick up the pace of business resumptions amid fewer reported disease cases. But authorities will act to stabilize China’s foreign trade, Li Xingqian, director of foreign trade at the Commerce Ministry, told reporters in an online briefing, adding that they would support Chinese firms to expand imports of key raw materials to cope with the supply chain disruptions. “Over the short-term, the impact (of the coronavirus) on global economy and supply chains cannot be avoided and the global growth faces certain pressure, which would affect the business resumption of China’s foreign trade companies and their ability to secure new orders,” said Li. The recovery in factory activity has been accelerating, said Li, but global uncertainties are growing. The coronavirus spread has […]