China's stable foreign trade to help boost global economic recovery

Aerial photo taken on Sept 6, 2019 shows a cargo ship of COSCO SHIPPING Lines transporting Italian products to participate in the 2019 China International Import Expo (CIIE) berths at the Port of Piraeus in Greece. [Photo/Xinhua]

Although the growth of China's foreign trade is facing severe challenges caused by factors like the COVID-19 impact and the world's weak goods demand, the basic advantages and conditions for the development of this sector have not changed.

In particular, with the continuous implementation of a series of policy measures to stabilize foreign trade from the central authority to the local government level, as well as the surging stability and competitiveness of the country's industrial chain, its foreign trade has notably stopped falling from the pandemic impact and gradually rebounded.

Based on the current condition, it will likely speed up the high-quality development while maintaining a stable momentum, and could become the core force driving the recovery of international trade.

Since the 2008 Global Financial Crisis, the trends of unilateralism, trade protectionism and anti-globalization have risen. They have continued to manifest in new forms after the outbreak of the COVID-19 pandemic.

Therefore, the process of economic globalization has encountered severe challenges. Facing the global spread of the pandemic and the economic difficulties caused by it, the remedial global joint action has been delayed.

Some countries such as the United States have ....

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