Service trade has developed better than trade in goods

The outlook for the future was examined from various perspectives, including global economic growth expectations, multilateral systems, geopolitical factors, markets suppressed by high interest rates and corresponding debts, as well as financial risks. Emphasis was placed on "cautious optimism." The multilateral trading system has been impacted. This year, the EU's "Carbon Border Adjustment Mechanism" came into effect, with a formal levy in 2027 and the complete elimination of free allocation quotas in 2032. This is intended to undermine the price advantage of developing countries' exports, forming a low-carbon trade barrier, which is also a new type of trade barrier. The United States has continued its trade protection stance and released the "National Export Strategy 2023." In brief, the government intends to utilize the national system in the future, using government intervention to promote exports in certain industries and restrict imports of products from other countries. Emphasis is placed on new trade agreements. Since the implementation of RCEP last year, trade exchanges among member countries have become closer, contributing to regional trade development. In the future, it is necessary to seize the opportunities presented by RCEP, while also striving to join CPTPP and DEPA, providing a broader space for its own trade development. "Digital services have great potential, and China has already begun to show a leading position in this field. In the future, it is necessary to strengthen digital trade rules to truly play a leading role. Strengthen cooperation with partners, accelerate the construction of data infrastructure, promote the interconnection of international data infrastructure, and actively benchmark high-standard international economic and trade rules, such as DEPA, to continuously improve the rules system of digital trade. This can inject Chinese strength into the diverging world trade."