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Rural Economy

Global Trade Structure and Its Influence on China

By the Development Research Center of the State Council and compiled by Hu Jiangyun

Research Report No 110, 2013

Abstract:

The growth of global trade has slowed since the outbreak of the global financial crisis in 2008. The changing global trade structure significantly influences China's trade.

The slow recovery of the world economy presents new opportunities for developing countries. There is still huge potential for China to improve its share in the total volume of global trade, especially with rapidly growing exports from China to other emerging economies.

At the same time, China also faces many challenges, such as structural transformation and trade protectionism, especially after the global financial crisis. China needs to further increase its international competitiveness and speed up trade restructuring and transformation in order to overcome its challenges.