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Navigating the Post-COVID Market: A Prospective Analysis of Foreign Trade in the Pearl River Delta, China

Peng Sun and Xiaode Zuo
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Peng Sun: School of Management, Jinan University (JNU), Guangzhou, China
Xiaode Zuo: School of Management, Jinan University (JNU), Guangzhou, China

Journal of Scientific Reports, 2023, vol. 5, issue 1, 8-14

Abstract: This paper aims to evaluate the market prospects for foreign trade enterprises in the Pearl River Delta (PRD) region of China in the post-COVID era. Despite challenges posed by the pandemic, the market outlook for PRD is positive with global economy projected to recover and high demand for high-tech products such as elect ronics, machinery, and chemicals from developed countries. PRD businesses have adapted to changing market conditions and disruptions in the supply chain, and the Chinese government's "Dual Circulation" strategy presents new opportunities for PRD foreign trade enterprises by boosting domestic consumption and market demand. To maintain competitiveness, businesses in the region need to adapt to the new normal and take advantage of market opportunities.

Keywords: China; Dual Circulation strategy; Foreign trade enterprises; Global economy; High-tech products; Market prospects; Pearl River Delta; Post-COVID era (search for similar items in EconPapers)
Date: 2023
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