The global economy is facing great uncertainty in the wake of the COVID-19 pandemic, with the International Monetary Fund in April forecasting a 3.0% decline in 2020. This year is also the final year for China to complete the building of a moderately prosperous society in all respects.

Facing headwinds including the pandemic and the trade disputes with the US, the Chinese government has reiterated in the past months the necessity to forge a new development pattern with domestic circulation as the mainstay and domestic and international circulations complementing each other.

Though greatly affected by the pandemic, not all the industries are in serious trouble. New industries, new business forms and new models emerged to tap into China's huge domestic market and complete industry chains. New industries like digital economy and smart manufacturing provided strong support during China's economic recovery. By making full use of the strengths and making up for the weaknesses, China will be able to foster new opportunities amid challenges and make new advances amid changes.

Zhangjiakou city will seize the historic opportunities of the 2022 Winter Olympics and building itself into Capital Beijing's Water Conservation and Eco-environment Supporting Area, and press ahead with digital-driven high quality development. The accelerated implementation of policies and measures such as Big Smart Cloud and Development Plan of Big Data Industry will help Zhangjiakou foster new advantages, facilitate the transition from old to new driving forces and fuel the new engine of high-quality development.

Zhangjiakou Financial Holding Group shoulders the mission of developing Zhangjiakou’s economy and lifting its competitiveness. Under the strategic goal of utilizing digital economy to empower and lead high-quality development, combined with Zhangjiakou’s location advantage, the group integrates its financial resources with industrial advantages, especially in coal and coking industries. By giving full play to the roles of finance and big data in coal and coking industries and assisting digital and intelligent transformation and upgrading of old and traditional companies, it strives to build China's top research and development base for the coal and coke big data industry in Zhangjiakou.

Against this backdrop, the 10th China Coal Market Summit, hosted by sxcoal.com (Fenwei Digital Information Technology Co., Ltd.), will be held over November 11-13, 2020 in Zhangjiakou city, Hebei province.

AThe main topics of the summit include the status quo and development trends of domestic and international economies under the COVID-19 pandemic, impact of China's dual circulations on coal industry layout and structure, thermal and coking coal market review and outlook, China's power and steel industries, coal digital revolution and finance.

We look forward to meeting you at the Summit.