Although the epidemic exert negative influence on so many industries, especially the tourism and some export-oriented enterprises, we believe that the epidemic will end soon and we should also prepare for it.

As a company in the manufacturing industry, we rely on other needs to produce and we are linked with the indutry like mining, machine processing and so on. So during the epidemic, we also should keep our confidence about the development of tungsten industry and keep promoting our technology of making and high quality.

  The IMF, the United Nations, the world bank, the organization for economic cooperation and development, etc. released their forecasts for the world economy in 2020 at the beginning of the year. Although the last forecast data in 2019 has been lowered, it is still full of expectations and optimism for economic development in 2020 and 2021. Due to the impact of the epidemic situation, the economic growth rate of China's major tungsten export economies decreased significantly in the first quarter.

  In 2021, once the epidemic among the world begain to recover, the manufcturing in dustry also will quickly develope at an amazing speed.