During the Covid period, the global economy was impacted a lot, the whole economic structure has been changed a lot too. Different countries are recovering from Covid step by step, China leads earlier from this trend, especially foreign trade and the development of free trade zones.
According to the ''Seventh National Population Census'' released on May 11, 2021, the total population of China is 1.445 billion people. Still one of the most populous countries in the world, China will continue to develop its demographic dividend and open its foreign policy. This article mainly introduces China's global trade policy in 2021.
New Global Trading Policy
According to an announcement issued by China National Development and Reform Commission. the ''Catalogue of Industries Encouraging Foreign Investment" came into effect on January 27, 2021. Compared with the foreign investment policy from 2019 to 2020, 127 articles have been added, 88 articles have been revised, and further expanded to encourage foreign investment. Focus on increasing the entry of manufacturing, producer services, and the central and western regions, guide foreign investment, boost foreign investor confidence, and promote the stability of foreign capital and the stability of the industrial chain and supply chain.
China will make good use of more and more high-tech, smart technology to develop all industries. The consumption on the buyer Internet has expanded from consumption of products to ecological and scenario consumption. Among them, Social Media Marketing in China plays an important role. China will make institutional improvements, adopt supportive ‘digital economy policies’, and foster an enabling ecosystem for Cross-border entrepreneurs and novel innovation. the government also will provide more application scenarios for the digital economy, improve public services, and thus will lay a solid foundation for the sustained and sound digital economic process.
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