Journal of Guangxi Teachers Education University (Philosophy and Social Sciences Edition) ›› 2021, Vol. 57 ›› Issue (3): 113-129.doi: 10.16088/j.issn.1001-6597.2021.03.011

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Influencing Factors and Breakthrough Paths of Expanding Foreign Trade Diversification under the Global Economic Uncertainty

WANG Jian-xin, CHEN Yi-nan, GUO Wan-xin   

  1. International Business School, Shanghai University of International Business and Economics, Shanghai 201620, China
  • Received:2021-02-25 Published:2021-08-06

Abstract: The current economic uncertainty caused by COVID-19 and Sino-US trade friction has brought great challenges to China’s foreign trade development. To walk out of the shadow, China, while consolidating traditional advantages, should forge new competitive advantages, optimize the global market layout, and seek new directions and outlets for the high-quality trade development. How to expand foreign trade diversification is a hard nut at the current stage. This paper, after sorting out more than 200 articles in important academic journals, summarizes many factors affecting the diversification from the supply side and the demand side and provides a breakthrough path that China needs to consolidate traditional advantages, build new competitive advantages, and optimize the global market layout, thus achieving the transformation from a big trading country to a powerful trading country.

Key words: economic uncertainty, foreigntrade diversification, breakthrough path, market policy, financial system, supply side, demand side

CLC Number: 

  • F120.4
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