China's Foreign Trade Is Facing More Severe And Complex Environment In 2019

- Nov 13, 2018 -

In the first three quarters of 2018, China's foreign trade maintained a steady and positive trend, with overall stable growth rate, continuous optimization of structure, accelerated transformation of power, and steady improvement of quality and efficiency of development. The environment facing China's foreign trade development in 2019 is more serious and complex.
According to the report, the current international market demand is relatively stable, domestic import demand is growing steadily, and China's foreign trade has the basic conditions to maintain a steady growth. The rapid growth of imports and exports in the first three quarters provided strong support for the growth of foreign trade throughout the whole year. However, the high import and export base in the fourth quarter of 2017 will have a negative impact on the growth of import and export in the fourth quarter of 2018.
The report points out that in 2019, China's foreign trade development will face more severe and complex environment, the downside risks of the world economy will increase, and protectionism will threaten the steady growth of global trade. At present, China's foreign trade development is in good fundamentals and the policy environment is constantly improving, which contains new development potential. We should implement the new development concept, take the structural reform of the supply side as the main line, and strive to maintain the steady development of foreign trade and improve its quality.

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