Reshape Global Trade Pattern-China's Opportunities&Challenges

文章预览

Xiaosong Wang, Professor, School of Economics, Renmin University of China,  key member of CMF Speech at the 5th CMF International Seminar on Macroeconomics (WTO,Geneva,Switzerland） Number of Texts：2861 words Viewing Time：38 minutes In this presentation, I will first give a brief introduction to recent trends of global trade. Next, the rise of China's foreign trade and recent development in China's foreign trade will be discussed. Finally, I will suggest how to stimulate new momentum for China. Recent Trends of Global Trade 1.  The growth of trade has slowed Since the beginning of the 21st century, global trade volume has shown an upward trend. However, the growth rate has significantly slowed down after the 2008 financial crisis. In the next two years, it is expected that the global trade growth rate will be lower than the historical average, and the trend of trade slowdown is difficult to reverse. Although there has been a rebound after the pandemic in 2021 and 2022, reaching ………………………………