What kind of major world economy will China become in 2020?

In 2020, China will become the only major economy in the world with positive growth in goods trade.

In the past year, faced with the severe and complicated domestic and international situation and the serious impact of the COVID-19 epidemic, China has become the only major economy in the world that has achieved positive economic growth, and its foreign trade import and export is obviously better than expected, and its foreign trade scale has reached a record high.

Trade in goods, also known as TangibleGoodsTrade, is a tangible trade, and the goods exchanged are mainly various physical goods in physical form.

Rules for trade in goods:

General Agreement on Tariffs and Trade (GATT) 1947 has gone through the process of continuous development and improvement since it was established for more than 50 years. Eight rounds of multilateral trade negotiations have achieved outstanding results, especially the Uruguay Round completely revised the original GATT, forming GATT1994.

Negotiations were also held on issues such as trade in services, trade-related intellectual property rights and trade-related investment measures, thus perfecting and perfecting the framework of the legal system. The content of the negotiations not only involves the field of international trade, but also extends to the field of international economic cooperation. Conforming to the requirements of the new economic era will have a far-reaching impact on the future world economic structure.