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As an important part of China's "six stability", stabilizing foreign trade has become an important area that urgently needs to strengthen its resilience due to the most direct impact of trade friction. The latest guidance on promoting high-quality development of trade gives specific directions for the transformation of China's foreign trade: optimizing trade structure, promoting trade balance, developing service trade, expanding trade partner circle of friends, and diversified development will become an important requirement for China's foreign trade to enhance competitiveness.
Although the situation of China's foreign trade cannot be completely determined by the development of Sino US economic and trade situation, it is undeniable that the United States has always been China's most important foreign trade partner. With the continuous evolution of Sino US trade disputes, the negative impact is gradually emerging. In addition, with the slowdown of global economic growth and the continuous weakening of demand, China is striving to enhance its competitiveness and stabilize foreign trade.
"To put forward specific measures for the high-quality development of foreign trade is more conducive to guiding Chinese enterprises to better adapt to the changes in the new situation of foreign trade," said a Chinese official who understood the situation. This is not only to comply with the requirements of China's internal economic development stage transformation, but also to respond to external trade protectionism and enhance their competitiveness.
At present, the traditional competitive advantage of China's low factor cost is weakening, while the new domestic competitive advantage has not yet been formed. The core competitiveness of China's foreign trade needs to be improved, including the cultivation of competitive industries. Therefore, we need to take multiple measures to fundamentally change China's situation in the middle and low end of the value chain and form a new business form of trade.
According to its introduction, in recent years, China has always regarded stabilizing China and improving quality as the main goal of foreign trade. Foreign trade enterprises need to adapt to the new situation of foreign trade by strengthening technological transformation, technological innovation and improving quality. He pointed out that although China's service trade deficit is declining, the development of service industry is still relatively lagging behind, especially in the fields of tourism and intellectual property.
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