Steady foreign trade, China plays multiple "policy cards"

Accurate "playing the cards" stably boosts foreign trade, which is the key for China to deal with uncertainties. Analysis believes that, from the recent official release of information, China is focusing on three aspects in stabilizing foreign trade. Firstly, further expand opening up. After the removal of foreign access restrictions in the manufacturing sector, China recently launched the "Accelerate the Comprehensive Pilot Work Plan for Expanding Opening up in the Service Industry", which clearly aims to speed up opening up in key industries such as telecommunications and healthcare, and add 9 pilot cities such as Dalian and Ningbo. The "Opinions on Implementing the Upgrade Strategy of Free Trade Pilot Zones" was also issued recently. As an important platform for opening up, China's 22 pilot free trade zones, which cover less than four thousandths of the country's land area, contribute to about one-fifth of the country's total foreign investment and imports and exports. Secondly, "walking on two legs". With increasing challenges in global economic and trade growth, achieving "walking on two legs", that is, integrating domestic and foreign trade development, has become another way to help foreign trade companies overcome difficulties. Thirdly, developing new formats and models. New formats have gradually become important engines for foreign trade growth. Last year, China's cross-border e-commerce import and export reached 2.63 trillion yuan, a year-on-year increase of 10.8%. Faced with changes in the external situation, China is accelerating the innovation and development of new foreign trade formats such as cross-border e-commerce. Analysis believes that the policy "combination punch" introduced by the authorities this time focuses on stabilizing short-term order growth, as well as optimizing the structure and increasing the level of openness of foreign trade in the medium and long term. With the gradual implementation and effectiveness of these policies, they will inject more momentum into China's foreign trade.