• ISSN: 2301-3567 (Print), 2972-3981 (Online)
    • Abbreviated Title: J. Econ. Bus. Manag.
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    • DOI: 10.18178/JOEBM
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HOME > Archive > 2024 > Volume 12 Number 2 (2024) >
JOEBM 2024 Vol.12(2): 192-196
DOI: 10.18178/joebm.2024.12.2.795

The Performance, Causes and Countermeasures of China’s Foreign Trade Growth Decline

Tao Mingyuan and Pei Yiming*
Beibu Gulf University, Guangxi, China
Email: 781761582@qq.com (P.Y.M.)
*Corresponding author

Manuscript received February 26, 2024; revised April 1, 2024; accepted April 19, 2024; published May 17, 2024.

Abstract—This paper analyzes the export growth rate data of some economies in China from 2010 to 2022, and discusses the performance, causes, and countermeasures of fluctuations in China’s foreign trade. The findings show that, except for certain special years, the overall export growth rate in China has been decreasing. The negative growth rates in 2015 and 2020 indicate that China’s foreign trade is facing significant challenges. The main reasons for this situation are the rise of trade protectionism, the slowdown of global economic growth, and the impact of structural reforms on the supply side. To address these risks, China needs to take a series of measures, such as promoting trade liberalization, enhancing technological innovation capabilities, strengthening industrial upgrading, and expanding opening-up.

Keywords—Chinese foreign trade, comparative analysis, fluctuating decline, new normal

Cite: Tao Mingyuan and Pei Yiming, "The Performance, Causes and Countermeasures of China’s Foreign Trade Growth Decline," Journal of Economics, Business and Management, vol. 12, no. 2, pp. 192-196, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).

 
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