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Although Chinese Commerce Minister Wang Wentao told his Australian counterpart this month that the “freeze is over,” the chill could quickly return.
Commerce Minister Wang Wentao said last week many companies have reported declining orders, while the value of orders is shrinking and long-term contracts are getting shorter.
Source: https://businessmirror.com.ph/2023/03/07/china-exports-extend-decline-adding-pressure-to-economy/