FACTORY

Foreign trade, also known as "foreign trade" or "import and export trade", refers to the exchange of goods and services between a country (region) and another country (region). This trade consists of two parts: import and export. For countries (regions) that import goods or services, it is import; For countries (regions) that ship goods or services, it is export. This began to emerge and develop in slave society and feudal society, and developed more rapidly in capitalist society. Its nature and function are determined by different social systems. [1]

In the first half of 2022, China's foreign trade grew rapidly. The import and export of goods reached 19.8 trillion yuan, a year-on-year increase of 9.4%, and the import and export increased by 4.8% and 13.2% respectively.

Before the reform and opening up, China's foreign trade practiced mandatory planning management and unified state responsibility for profits and losses. Since the reform and opening up, China's foreign trade system has undergone a transformation from mandatory planning management to giving play to the basic role of the market mechanism, from highly monopolized management rights to full liberalization, and from enterprises eating the "big pot rice" of the state to independent management and self-responsibility for profits and losses. In the early stage of reform and opening up, the reform of China's foreign trade system mainly consisted of reforming the single-plan management system, delegating foreign trade management power and management right, implementing the foreign exchange retention system and establishing the foreign exchange adjustment market. The absorption of foreign direct investment enables foreign-invested enterprises to enter the field of foreign trade as new business entities, and breaks the monopoly of state-owned foreign trade enterprises. Since then, China has implemented a contract system for foreign trade operations, gradually replacing the mandatory plan with a guiding plan. An export tax rebate system h