In recent years, China has continued to expand its high-level opening-up to the outside world, and a series of policies and measures to stabilize foreign trade have helped the majority of foreign trade entities overcome difficulties, innovate and develop, promote the "quality improvement and quantity stability" of foreign trade, and inject confidence and momentum into consolidating the recovery and improvement of economic operation.

From the perspective of new momentum in foreign trade, China has deeply integrated into the global economy, and the world has not decoupled from China. On the one hand, in terms of intermediate trade, Asian intermediate trade accounts for nearly 40% of the total global intermediate trade, and more trade takes place within Asia. The "the Belt and Road" initiative and the Regional Comprehensive Economic Partnership Agreement (RCEP) have promoted the gradual formation and integration of regional value chains; Overall, the dependence of countries around the world on investment from the United States and Japan continues to decline, while the dependence on investment from China has increased; China's total intermediate goods trade continues to grow, becoming the world's largest intermediate goods trading country; The destination countries for China's intermediate goods exports tend to be decentralized and diversified, and the reduction of dependence on China by the United States and the West has not weakened their supply chain dependence on China. On the other hand, in terms of digital trade, in 2023, China's service trade will steadily increase, with a record high scale, significant achievements in digital delivery trade, and strong growth in digital ordering trade.

In addition, against the backdrop of accelerated restructuring of the global industrial chain, China has not experienced large-scale industrial transfer. From the perspective of investment in China, the scale of investment in China has declined in some periods, but the overall trend has rebounded and improved; The proportion of global investment in China has begun to recover and rise, and there has been no large-scale industrial transfer; France and other European countries have led the way in increasing investment in China, but we must be wary of the phenomenon of investment reduction in regions such as the United States, Japan, and South Korea; Industries with longer industrial chains such as electronic components, semiconductors, and automotive equipment exhibit more prominent characteristics of declining foreign investment.

Our country has not experienced large-scale industrial transfer, mainly due to the distinct comparative advantages of the Chinese economy, including the advantages of a new national system that concentrates efforts on major tasks, a super large domestic demand market, a complete industrial supply system, and abundant high-quality talent resources. Next, in response to the challenges faced by China in industrial transfer, it is urgent to abandon the approach of "one size fits all" rough criticism and establish a more comprehensive, systematic, and objective evaluation system.

It is worth noting that in recent years, economic globalization has encountered setbacks, and traditional barriers such as anti-dumping and countervailing measures implemented by the United States and the West have continued to increase. The combination of "traditional barriers+new barriers" has become increasingly prominent and has become an important tool for the United States and the West to suppress Chinese enterprises. We should pay attention to the new trade barriers such as non-tariff measures adopted by the United States and the West to suppress Chinese companies. For example, value based trade barriers, technical trade barriers, green trade barriers, and the marginal use of "pan politicized" export control measures on the grounds of "supporting military projects" and "violating human rights"; Using so-called 'data privacy' as a new type of non-tariff barrier and expanding the scope of sanctions against Chinese companies.

Currently, the global economic recovery is weak, global trade and investment are slowing down, and risks such as unilateralism, protectionism, and geopolitics are rising. Next, it is necessary to further strengthen the coordination and cooperation between open policies and fiscal policies. To cultivate new momentum in foreign trade, we should pay attention to the new trends in global fiscal and tax policies. Fiscal and tax policies should focus on promoting the development of new business models and promoting the quality and quantity stability of foreign trade; In response to industrial transfer, it is necessary to strengthen financial and tax policy support and increase efforts to attract foreign investment; For the coordination of intermediate trade and regional value chain, it is necessary to strengthen the construction of tax coordination mechanism and promote the high-quality development of the "the Belt and Road".