In 2023 there is almost consensus that foreign demand will slow down and foreign trade will be under pressure

In 2023, there is almost consensus that foreign demand will slow down and foreign trade will be under pressure.

The epidemic, which has lasted for three years, has had a huge impact on the economies of all countries, and international trade has been particularly affected. Many countries have experienced export obstacles and large trade deficits.

In 2022, China's foreign trade withstood multiple pressures that exceeded expectations and rose against the trend on the basis of the high base in 2021: the scale of foreign trade broke through the 40 trillion yuan threshold for the first time, maintained its position as the largest country in goods trade for six consecutive years, and ranked the first in the world's export international market share for 14 consecutive years

At present, the risk of world economic recession is rising, the growth of foreign demand is significantly slowing, the international supply chain pattern is also accelerating the restructuring, and the foreign trade development environment is grim. In response to the uncertainty of the external environment, the Central Economic Work Conference proposed that more efforts should be made to promote the stability of the scale and optimization of the structure of foreign trade in 2023.

From the central government to the local government, we have launched a series of policies and measures to stabilize foreign investment and foreign trade, from increasing support for export tax rebates, to helping foreign trade enterprises seize orders to expand the market, and to providing a variety of trade facilitation measures in logistics and customs clearance, all of which are targeted at the pain points and difficulties of enterprises.

China's foreign trade, which is under pressure, has worked hard to get ready and made new steps in promoting a higher level of opening-up.