The growth of China's foreign trade this year is not only the inevitable result of the overall and steady recovery of the global economy, but also a concrete manifestation of the continuous optimization and adjustment of China's own economic structure.

According to the latest foreign trade situation announced by China Customs, the total value of China's foreign trade import and export continued to increase in the first 10 months of this year, with a year-on-year growth of 15.9%, export value by 11.7% year-on-year, and import value by 21.5% year-on-year. Among them, the growth rate of import and export value and import value continued to maintain a double-digit growth rate in October, at 10.2% and 15.9% respectively, while the growth rate of export value slowed to 6.1% from 9% last month.

2017 is coming to an end. Judging from the current international and domestic situation facing China’s foreign trade, China’s foreign trade imports and exports will end the two consecutive years of decline and resume growth this year. According to the latest data, even if China’s foreign trade With zero growth in December, the annual growth rate of total import and export value will still exceed 12% year-on-year. Therefore, it can be concluded that China's foreign trade import and export will show double-digit growth this year.

　　Internationally, since August this year, the world’s three most authoritative international economic organizations have all given positive comments on the world economy and trade. In August, the Organization for Economic Cooperation and Development (OECD) stated that the economies of 45 countries or regions tracked by it are expected to achieve positive economic growth in 2017; in September, the World Trade Organization (WTO) forecasted 2017 global trade growth from the previous In October, the International Monetary Fund (IMF) believed that the global economy had entered an upward cycle and its strength was increasing, and predicted that global trade growth will be 4.2% and 4% in the next two years. The global economic recovery has driven the expansion of international market demand, which is a strong support for China's export growth this year.

　　 Domestically, since the beginning of this year, the domestic economy has remained stable and the momentum of improvement has continued to consolidate, which has played a leading role in the increase in imports. At the same time, a series of policies and measures to promote the development of foreign trade have been gradually implemented by government departments. Foreign trade companies have also insisted on innovation-driven, improved technology, quality, and service, and have participated in international competition and have achieved gains. According to the Ministry of Commerce of the People's Republic of China, the 122nd Canton Fair recently concluded with an increase in export orders from Chinese companies, and the turnover increased by 8.2% year-on-year. In addition, new products and new technologies of exhibitors are constantly emerging, making foreign customers refreshing. The latest data shows that in the first 10 months of this year, the export value of high-tech products, which accounted for nearly 30% of China’s export value, grew by 12.9% year-on-year, which was higher than the overall export growth rate of 11.7% in the same period; while the export value of traditional labor-intensive products only accounted for It accounts for 20%, and the year-on-year growth rate is only 8.6%, which is significantly lower than the overall growth rate of exports.

Since the outbreak of the global financial crisis, especially in the past five years, as China's economic and trade strength has continued to improve in the global rankings-currently the world's second largest economy and second largest trading nation, China has continuously adapted to the new global economic and trade development. Trends and new changes, in the field of opening up and participating in the process of global economic integration, from the past purely imitating learning and passively responding to various international economic and trade rules, to influencing and leading the development trend and actively participating in the reform and reform of the global economic governance system Construction, and pay more attention to its own new round of reform and opening up in various fields.

For example, externally, China has proposed the "Belt and Road" initiative, initiated the establishment of the Asian Infrastructure Investment Bank, and participated in the Davos World Economic Forum, APEC, the Hangzhou Summit of G20 Group Leaders, the "Belt and Road" International Cooperation Summit Forum, On many occasions, including the meeting of the leaders of the brick nations in Xiamen, Chinese leaders put forward new ideas and new ideas for improving global economic and trade cooperation, which were widely praised by the international community. Internally, China has made breakthroughs in comprehensively deepening reforms, continuously improving the business environment, expanding the scope of pilot free trade zones, and promoting the development of a higher-level open economy; under the framework of supply-side structural reforms, companies are encouraged to innovate in products, services and services. Business model, accelerate the cultivation of comprehensive competitive advantages centered on technology, quality and brand, and participate in international competition with a new attitude. Whether it is active external participation or active internal reforms, China has won the first place in the rapid growth of foreign trade in the process of the world economic recovery.

　　 However, it will not be easy for China to maintain the current good momentum of foreign trade development in the future. On the one hand, global commodity price increases will slow down. The World Bank predicted in October this year that the prices of commodities such as oil, iron ore and coal will rise only 4% in 2018 after rising 28% in 2017. Among them, the prices of coal and iron ore will even decline. The latest data shows that this trend has already been reflected in the prices of China's major imported commodities. For example, in October, although China's crude oil, iron ore and coal import prices were still rising compared with the same period last year, they fell by 3.8%, 11% and 17.6% respectively from the beginning of the year, and this trend continues. The future will certainly curb the growth rate of China's import value. On the other hand, trade protectionism continues to spread, the geopolitical situation and the threat of terrorism are on the horizon, and natural disasters such as severe weather occur frequently. Although the impact of these negative factors on global and Chinese foreign trade is difficult to quantify, once it breaks out, it will cause foreign trade. Shrinkage will have a big impact.

In general, the sustained and stable growth of foreign trade is an important part of China’s development of a higher-level open economy. To achieve the goal of stable growth of foreign trade, China must take precautions under the new international and domestic situation of profound and complex changes. A series of new measures that are conducive to the formation of a new pattern of comprehensive opening up, such as "One Road" construction, building a strong trade country, improving the business environment, optimizing the layout of regional opening, supporting the development of new business types, cultivating new comprehensive competitive advantages, and promoting trade liberalization and facilitation. Be solid, in place, and always ready to meet new challenges.