China's trade has made great strides since reform and opening.China's status as a power in trade has been gradually consolidated and the achievements are:trade volumes have been expanding with a significantly larger share of the international market;the trade structure continues to improve with more proper trading entities being the key players;import and export markets are becoming more complete and diversified;service trading is becoming more internationally competitive;and the trade surplus is better controlled and thus trade is more balanced.Meanwhile,China also faces many problems in trading.Major problems are:comparative advantages are becoming less obvious;products exported are still at the low end of global value chain;less resources are available;trading companies are small with limited scale-generated profits,which makes companies vulnerable to risks;China's international trade,overall,is still imbalanced and tensions in trade are another risk factor.
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