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Promoting high-quality development of foreign trade: opportunities and challenges coexist

外贸是拉动中国经济增长的核心动力之一,当前中国外贸既展现出韧性,也面临诸多挑战。本文探讨了如何多维发力推动外贸高质量发展,包括深耕高端产品出口、构建保障体系以及推动企业出海等方面。

As one of the core driving forces for China’s economic growth, foreign trade plays a vital role in the steady development of the national economy.
Accurately analyzing and judging the current situation of foreign trade development, solving development problems, and consolidating development momentum are the keys to promoting the high-quality development of my country’s foreign trade.

Adhering to the dichotomy of foreign trade, resilience and challenges coexist.
China’s foreign trade growth trajectory resonates with domestic economic development, showing strong resilience. This is not only due to my country’s complete industrial system, but also the accumulation of results from my country’s continuous promotion of high-quality opening up.
In recent years, the steady growth of foreign trade has fully confirmed the core advantages of my country’s complete manufacturing system and full industrial chain layout.

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However, when looking at the development of my country’s foreign trade, we need to adhere to the dialectical thinking of dividing it into two.
On the one hand, the geopolitical game continues to intensify the uncertainty of the external environment. Although Sino-US relations show signs of easing in the short term, the tone of the long-term game has not changed. There are also unstable factors in my country’s surrounding areas.
On the other hand, the trend of transfer and reconstruction of global industrial and supply chains is difficult to reverse, which affects the development of my country’s foreign trade.
Industrial transfer will put pressure on my country’s domestic exports, and industrial restructuring and geopolitical risks are superimposed. Excessive competition in the domestic market also restricts the high-quality development of foreign trade.

Multi-dimensional collaborative efforts will be made to build a new pattern of high-quality development of foreign trade.
It is necessary to continue to deepen the export of high-end products and build up the core competitiveness of foreign trade.
Adhere to the export orientation of high-quality products, continue to deepen the two-way linkage between domestic industrial upgrading and export trade, and effectively solve the dilemma of domestic industry involution.
At present, my country’s export product structure is accelerating to optimize and upgrade in the direction of high technology and high value-added, and high value-added products have become an important engine for export growth.

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It is also very important to build a high-quality foreign trade development guarantee system and optimize the foreign trade development environment.
Achieving high-quality development of foreign trade is inseparable from a sound external guarantee system, and maintaining good international relations is the core key.
We should take the initiative to break down external containment barriers and actively expand the international “circle of friends.”
From a commercial perspective, we must adhere to the principle of differentiated response, carefully maintain relationships with overseas markets and cooperation partners, and at the same time resolutely fight back against anti-China politicians and hostile forces.

It is a general trend for enterprises to go overseas, which complements high-quality foreign trade.
With the in-depth restructuring of global industrial and supply chains, Chinese companies are going global to follow the trend of the times.
The historical experience of my country’s industrial development and the introduction of foreign investment shows that the global layout of enterprises is the key to obtaining the dividends of industrial transfer and consolidating the position of the global division of labor.
To promote the high-quality overseas expansion of enterprises, we must deeply understand the historical inevitability of industrial overseas expansion, seize overseas greenfield investment opportunities while taking into account risks, strive to cultivate world-class Chinese-funded multinational companies, adhere to the collaborative linkage inside and outside the industrial chain, and prevent the risks of industrial hollowing out and technology outflow.

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