Thoughts on the Institutional Innovation from the Large Trading Nation to the Powerful Trading Nation

Abstract

Since the reform and opening up, China’s economy has experienced rapid development and progress, and has gradually emerged as a large global economy and trading nation, and the import and export trade has made brilliant achievements. At the same time, however, China’s import and export trade activities still face enormous challenges and face the problem of turning the large trading nation into the powerful trading nation. Among them, institutional factors are the main obstacles restricting China’s trade development. Therefore, it is necessary to strengthen institutional innovation and reform from a large trading nation to a powerful trading nation.