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What is the foreign trade situation this year?

2025-02-17

On the afternoon of January 15, at the "China's Economic High-quality Development Achievements" series of press conferences held by the State Council Information Office, Meng Yue, head of the Ministry of Commerce's Foreign Trade Department, said that at present, the momentum of world economic growth is obviously insufficient, unilateralism and protectionism are clearly on the rise, global trade barriers are increasing, geopolitical influences are deepening, and the global supply chain security and trade order are facing great challenges. Such an external environment is full of challenges for both China and other economies in the world.

Meng Yue also emphasized that there are still many favorable conditions for the development of foreign trade in 2025. First, global trade is still in the process of recovery. The WTO expects global trade in goods to grow by 3% this year. Second, China's economy continues to recover and improve, and the effects of the combination of macroeconomic policies continue to emerge, which effectively boosts social confidence. Third, the new momentum of foreign trade is accelerating, and the pace of greening and digitalization is accelerating. Fourth, the policy of stabilizing foreign trade continues to exert its strength to provide more support for enterprises to innovate and upgrade and expand international markets. Fifth, opening up to the outside world is moving towards a higher level. China's super-large market provides more opportunities for global commodities.

Meng Yue said that in 2025, China will continue to expand high-level opening up to the outside world, focus on the keyword of high-quality development, and promote the stable growth of foreign trade.

First, accelerate the implementation of various policies and measures. Last year, the Ministry of Commerce promoted the introduction of a series of measures such as "Several Policy Measures on Promoting Stable Growth of Foreign Trade". In the next step, the Ministry of Commerce will work with various localities and departments to focus on policy implementation, promote effective good experiences and practices, help foreign trade enterprises stabilize orders, clear bottlenecks and card points, and promote the stable development of foreign trade.

Second, accelerate the cultivation of new momentum for foreign trade. In line with the trend of digital development of trade, expand the application of electronic trade documents, and encourage the digital development of the entire trade chain. We must also actively expand green trade, enhance the ability of foreign trade enterprises to develop green and low-carbon, promote the construction of overseas smart logistics platforms, support places with conditions to hold cross-border e-commerce trade fairs and supply and demand matchmaking meetings, and build more platforms for enterprises to display and connect. In addition, we will also promote the sustained and healthy development of bonded maintenance, and orderly expand the scope of maintenance products and regions.

Third, do a good job in enterprise-related service guarantees. We will continue to hold special trainings on green trade, Paper corner protector Stretch film Blank label cross-border e-commerce, etc. to enhance the comprehensive development capabilities of foreign trade enterprises. We will also continue to compile and publish the "Country Trade Guide" and foreign trade promotion information to strengthen the information connection between Chinese and foreign enterprises. Actively expand the global network of high-standard free trade zones, negotiate and sign new trade facilitation working groups, pragmatically solve the bottlenecks and difficulties in bilateral trade, and create more business opportunities.

Fourth, actively expand imports. While meeting the production and living needs of the people, share development opportunities with countries around the world. China will continue to play the role of open platforms such as the China International Import Expo, the China Consumers Expo, and the Canton Fair Import Exhibition, cultivate national import trade promotion innovation demonstration zones, expand market opening, tap import potential, and "truly turn China's large market into a great opportunity for the world."