China’s foreign trade still needs policy support to meet challenges，At present, the situation of overseas epidemic prevention and control is still not optimistic, and the uncertainty of the international trade environment has further increased. In particular, there are many uncontrollable factors in the political and economic relations between important economies, which may bring new shocks to the global political economy. Under the superimposed comprehensive effect, China’s foreign trade, which has gradually emerged from the lowest stage of development under the epidemic, still needs to increase policy support, further consolidate the foundation for China’s foreign trade to stabilize and improve, and achieve the goal of stabilizing foreign trade.
There are still many challenges to the sustainability of foreign trade. According to the data of the first 8 months, anti-epidemic materials such as textiles and mobile phones, including masks, and “home economy” products have a greater impact on exports. The export of labor-intensive products such as clothing, footwear, and luggage has fallen sharply. The export volume of China and automobiles (including chassis) fell by about 20% respectively year-on-year, and the real recovery of overseas markets will take time. However, it is difficult for the export of epidemic prevention materials to maintain a substantial growth trend. Therefore, it is particularly important to continue to improve the accuracy of foreign trade stabilization policies and to pay close attention to policy implementation. The accelerated development of new forms of foreign trade, such as cross-border e-commerce and market procurement trade, requires further empowerment by regulatory policies.
More efforts will be made to help foreign trade companies accelerate the development of the domestic market. There is a big difference between the domestic market and the overseas market. To help foreign trade companies to develop the domestic market requires systematic measures, from lowering the entry barriers for export to domestic sales, increasing government procurement of products for domestic sales, and further testing standards and market To achieve “effective internal and external docking” in terms of access, increase support for foreign trade companies’ transformation of domestic sales, tailor-made more high-quality and high-standard products for the Chinese consumer market, and ensure the smooth operation of the industrial chain supply chain, which is beneficial to The bailout of foreign trade enterprises is also conducive to satisfying domestic consumer demand, thereby accelerating the construction of a new development pattern in which the domestic large-scale cycle is the mainstay and the domestic and international double cycles promote each other.
