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China's Ministry of Commerce reported a report that the overall situation of China's foreign trade has been better in 2018, with the sustained recovery of the world economy, the steady economic stability in the domestic economy and the increase of endogenous power in foreign trade, but the uncertainties of the instability have increased. On the whole, China's foreign trade is expected to further consolidate this year.
The report, entitled "China's report on the situation of foreign trade (spring 2018)", said that the world economic growth momentum has been enhanced from the international view, but the economic and political situation is more complex, "anti globalization" and the rise of trade protectionism forces. The spillover effect of macroeconomic policy adjustment in the major economies is highlighted and geopolitical affairs are highlighted. The risk of global economic recovery is not stable.
At home, China's economy is expected to maintain steady and stable growth, but the problem of uneven development is still outstanding, and it will take hard work to complete the goal of the whole year. China's foreign trade has both new development opportunities and difficulties and challenges.
"Looking forward to the whole year, the prospects for Global trade development will depend on global economic growth and monetary policy, fiscal policy and trade policy of major economies." The report said that "American unilateralism and protectionism may lead to an escalation of Global trade frictions, and then to trade confidence and investment decisions, and that the tightening of currency policies triggered by currency policy and stock market turbulence may also interfere with trade activities."
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