As the saying goes: “No blessings come in pairs, and misfortunes never come singly.” When the Sino-US trade friction ended, the new crown epidemic made its debut. It was really a black swan flying everywhere. Fortunately, the country has seen the dawn of victory, and the epidemic abroad is still under control. During the outbreak stage, the world economy still faces too many uncertainties. It seems that no one can accurately predict what will happen next moment. However, one thing we should see is that the long-term positive momentum of China’s economy has not fundamentally changed.
The two major energy giants Saudi Arabia and Russia broke up at the OPCE meeting. International oil prices have plummeted. The main U.S. crude oil contract has dropped from around US$65/barrel at the beginning of the year to less than US$23/barrel currently. Global stock markets After the violent earthquake, various countries successively introduced favorable policies such as monetary easing, but it still did not help. Even safe-haven assets such as gold were not spared. The Fed’s QE5 and zero interest rates were no longer effective. Market confidence was once on the verge of collapse. The Zheng Cotton 2005 contract fell by more than 3,000 yuan/ton in just 2 months. The domestic cotton and textile industry is naturally in trouble. Export orders have decreased, the willingness to purchase raw materials is not strong, and there are very few spot purchase quotes in 2 months. The National Bureau of Statistics 2 The clothing consumption CPI index released last month was 100.5, showing a continuous decline. Many companies lamented that it is not easy to survive.
But often times like this, confidence becomes particularly valuable, especially since our country currently has the most comprehensive industrial system in the world, with more than 40 major industrial categories and more than 200 intermediate industrial categories. More than 600 industrial categories. Coupled with the guarantee of institutional advantages and full economic resilience, with the effective control of the epidemic, my country’s economy and society are gradually recovering. Throughout the entire epidemic prevention and control process, patients with symptoms can be treated in a timely manner, and the production and living materials needed by the people have been provided. All have basic guarantees, which will enhance confidence in overcoming various difficulties in the future. In Xinjiang, the main cotton producing area, railway and road transportation have basically returned to normal, and the resumption rate of textile enterprises has reached about 90%. From March 16, some students will return to school, and from March 23, all students in Xinjiang will return to school to start classes normally. The government is currently taking various measures to ensure spring plowing and production.
Confidence is “gold” at times like this. I believe that under the correct leadership of the government and the people working together as one in times of crisis, we will surely emerge from the gloom as soon as possible and regain glory. As the saying goes: The long journey will eventually come to an end, and the dawn is brewing. </p
