What difficulties and challenges will China's foreign trade development face in 2020?

First, affected by the epidemic and other factors, the global economic situation is not optimistic and consumption is declining. Western capitalist countries headed by the United States are now facing a huge inflation crisis, with rising prices, declining employment rate and sluggish consumption.

Second, on the one hand, the labor cost in China is increasing. In order to reduce costs, some enterprises choose to transfer their production bases to countries with lower labor costs, such as Vietnam and Southeast Asia. On the other hand, western economies led by the United States deliberately decoupled from China in order to suppress China economically.

Third, the conflict between Russia and Ukraine not only led to the economic decline of the EU, but also intensified the economic differentiation between China and the West.

The epidemic in 1943 led to weak domestic consumption, so domestic orders were also declining.