Global economies and supply chains have been severely impacted by the outbreak of COVID-19. The export industry, in particular, was dealt a heavy blow by weakened global demand and border closures. Many export orders have been delayed or cancelled, and obtaining new orders have become more difficult. The China-US trade war and geopolitical tensions have further instilled uncertainty in global markets.
Under these circumstances, the Chinese government proposed a “dual circulation” development pattern, which emphasizes growing its domestic market and boosting domestic demand to support its economic recovery and achieve long-term sustainable growth, whilst continuing to deepen its cooperation with foreign markets.
This report discusses the opportunities available for export-oriented businesses, as well as the challenges they face when entering and selling in the domestic market.
The content of this report is based on Blue Book of China's Commercial Sector (2021-2022) (in Chinese), which identifies major macro trends in China's commercial sector, calls for further developing the circulation sector and provides a comprehensive and authoritative account of the latest trends and issues. For other reports of the Bluebook Series, please click here.