The impact of COVID-19 on China’s trade and outward FDI and related countermeasures

ABSTRACT This paper analyzes the development trend and characteristics of China’s foreign trade and outward FDI amid the epidemic from the overall trend of change, the structure of domestic regions, the structure of overseas markets, the structure of import and export products, the industrial distribution of overseas investment and the situation between countries along the Belt and Road. Further, we proposed some countermeasures to promote China’s trade and OFDI, such as establishing an early-warning system for overseas risks, adhering to innovation drive, fostering a new, dual-cycle development architecture with domestic and international development reinforcing each other, promoting the construction of cross-border e-commerce facilities and technologies and so on.