What should be the future of foreign trade economy in the post-COVID-19 era?

Foreign trade, also known as international trade or foreign trade, refers to the exchange and trading activities of goods, services and technologies between a country and other countries. Foreign trade mainly includes export, import, foreign investment, cross-border e-commerce and other aspects.

In the first four months of this year, as the epidemic turned steadily and the economy stabilized and picked up, the strong resilience and vitality of China’s foreign trade became evident. General Administration of Customs: In the first four months, China’s foreign trade imports and exports increased by 5.8% year on year

After the end of the epidemic, foreign trade growth points may include:

1. Consumption upgrading: During the pandemic, many people have changed their consumption patterns, paying more attention to health, safety and quality. This will boost export demand for some high-end products.

2. Trade diversification: With the continuous advancement of globalization, many countries begin to look for new trading partners, and China, as a market with a huge economic size, is a very important trading partner for other countries. Therefore, China’s foreign trade may show a diversified trend in the future.

3. Internet + foreign trade: With the rapid popularization of Internet technology, more and more enterprises begin to use the Internet platform for foreign trade activities, which will improve foreign trade efficiency, reduce costs and expand overseas markets.

4. Development of emerging industries: China is already leading the world in many emerging industries, such as 5G, e-commerce and artificial intelligence. The development of these emerging industries will bring new growth points to China’s foreign trade.

5. Improving the capacity of independent innovation: China has made remarkable progress in improving the capacity of independent innovation, and has its own intellectual property rights and technological advantages in many fields. This will help Chinese companies seek broader development space in the international market.

All in all, after the end of the epidemic, with the recovery of the global economy and the continuous development of China itself, China’s foreign trade growth points will be more and more extensive.