School News Network (contributed by the w88 live casino Economic Research Institute)In the reform and opening up, my country mainly relies on its cost advantages to undertake global manufacturing transfers, expand import and export scale, and gradually grows into the world's manufacturing center and the largest major goods trading country. Today, cultivating new advantages in w88 live casino competition, achieving optimization and upgrading of foreign trade, and moving from a major trading country to a strong trading country have become the core issue in the development of foreign trade.

First, the import and export scale is large. If an economic power has a small import and export scale and a low proportion in global trade, it indicates that its trade openness is low and its influence in w88 live casino trade is small, and it cannot be called a trade power.

Second, imports and exports are basically stable. Basic stability of imports and exports includes both price stability and scale stability.

Third, import and export are relatively balanced. Import and export balance is the basic guarantee for the long-term and stable development of w88 live casino trade.

Fourth, there are many trading partners. Diversified markets and many trading partners can diversify trade risks.

Fifth, there are a wide variety of trade products. The large scale of import and export and many trading partners are often directly related to the rich variety of trade products.

Sixth, able to dominate the global value chain. A great trading country does not mean a strong trading country, and a great trading country is just the basis for becoming a strong trading country.

Seventh, the added value of exported goods and services is high. To become a trading power, we must have a large number of export goods and services that master key core technologies and have independent intellectual property rights.

8th, control w88 live casino marketing channels. Competition in w88 live casino trade is also competition in marketing channels, and the marketing link ranks at the high end of the value chain.

Ninth, establish a high-level open economic system. As an w88 live casino trade power, it is inseparable from the institutional guarantee of an open economic system based on marketization, rule of law and internationalization.

Tenth, an important contributor to global economic governance. Correcting the failure of the world market, maintaining the w88 live casino economic order, and standardizing w88 live casino economic and trade behaviors are inseparable from global economic governance.

(Source: "Flag" Issue 2, 2024; the author is the dean of the Institute of w88 live casino Economics, University of w88 live casino Economics)