In the 17th issue of China foreign exchange, Professor Li Jiguang of our Institute issued the “‘stability’ and ‘change’ of China's foreign trade under the superposition of ‘five periods’”. At present, the situation and environment of China's foreign trade development are extremely complex and changeable. Since the outbreak of the global financial crisis in 2008, the growth rate of China's foreign trade has continued to go down to the next level, falling below the double-digit high-speed growth in the past 20 years.
Professor Li Jiguang pointed out in his paper that China's foreign trade development is faced with the internal and external environment of "five periods of superposition": the first is the period of development power transformation; the second is the period of economic structure adjustment; the third is the period of global value chain reconstruction; the fourth is the period of external demand uncertainty; the fifth is the period of foreign trade policy transformation. To sum up, under the background of great changes in the domestic and international situation, how to treat the position and role of foreign trade in China's economic development, and how not to vigorously develop foreign trade, especially not to strive to expand exports, has become a major theoretical and practical proposition. In view of the above problems, Professor Li put forward the strategy of seeking "stability" and "change": in the aspect of seeking "stability", it is mainly to stabilize expectations, policies and growth; in the aspect of seeking "change", it is to change goals, power and tools.
Original link: https://mp.weixin.qq.com/s/euBvbbnfFDFX-U0qlW9tiw
