KOSPI INDEX CLOSED UP 8.44%, AT 5478.7

国际能源署署长比罗尔：这场危机比20世纪70年代的两次石油危机以及2022年俄罗斯天然气供应中断加在一起还要严重。

A commentary in Qiushi (a flagship theoretical journal of the Communist Party of China Central Committee) called for promoting more balanced growth in China’s imports and exports amid rising geopolitical tensions, global protectionism and weak external demand. It noted structural weaknesses in China’s trade, including relatively low value-added exports and limited competitiveness in high-end equipment, core components, advanced chips and precision instruments, as well as underdeveloped services trade. The article urged continued efforts to stabilize exports while gradually expanding imports to help narrow the trade surplus. It called for upgrading export structure toward high-end manufacturing, green products and services, while supporting new trade models such as cross-border e-commerce and overseas warehouses. It also emphasized expanding imports of advanced technology, equipment and consumer goods, improving trade facilitation, and deepening domestic–international market integration through unified standards and logistics systems.