The recent armed attacks on the Red Sea trade artery have sparked global concern. Denmark, Germany and other countries and regions of the shipping company has made adjustments, making the shipping distance between Asia and Europe increased by 6,000 kilometers (10 days). The solution path of this Red Sea crisis has once again sounded the alarm for China's foreign trade. Properly expanding the diversity in carrier capacity, route choice and trade network will provide more effective support for sustainable growth of foreign trade in 2024 and beyond.

　　Although China's foreign trade is facing huge challenges, its overall scale still ranks first in the world and plays an important role in the global supply chain. There may be two main paths to expanding the blue ocean of foreign trade:

　　The first is to explore ways to improve the international network of existing traded goods and establish more effective paths to connect supply and demand. The development of information technology has accelerated the matching of supply and demand in the market, and the trade links between countries building the "Belt and Road" have become increasingly close. Cross-border e-commerce effectively reduces the ability of buyers and sellers to form a willingness to trade, creating better conditions for expanding the diversity of market choices and improving the planning of production and manufacturing. The process of establishing and implementing economic and trade rules, such as free trade agreements among trading partners, should continue to be promoted to provide good expectations for business entities to participate in international trade. Accelerating the development of cross-border supply chains should be guided to create good conditions for mutual recognition of standards and rules, promoting the integrated development of domestic and foreign trade, and lowering the threshold for enterprises and other business entities to participate in international trade. Make good use of import platforms such as the China Import and Export Fair to increase the scale of imports from more developing countries and the variety of products. Take trade as a link, promote agricultural technology cooperation, and increase expectation management in the form of order agriculture, so as to provide Chinese consumers with more diversified and high-quality commodities while increasing the export earning capacity of developing countries. Taking Africa as an example, along with the growth of China-Africa trade and the establishment of the African continent's FTA, the trade links between China and African countries have increased, and the trade in intermediate goods has accelerated, so that China-EU trade can gradually form a complementary situation with China-Africa trade and promote each other's development, and at the same time, realize the development of the logistic and transportation network, and reduce the vulnerability of trade in single land and sea transportation.

　　Secondly, through mode or content innovation to meet market demand, to realize the purpose of improving economic and trade ties and enhancing the development of global value chain. Along with technological progress and rule development, the development of integration between trade in goods and trade in services has accelerated significantly, significantly increasing trade possibilities.2023 Since 2023, China's electric vehicle industry has gained rapid development, and the country has become an important global automobile trading power. Although further rapid growth in electric vehicle exports may be subject to more resistance and disruption, adding value and improving the consumer's experience of use throughout the life cycle is still needed to keep trade volumes stable. In the era of rapid development of digital trade, all kinds of digital services attached to products have a broad space for development, which may form new inter-country and inter-market development relations and serve the social needs in the era of digital economy. High-tech products will be the highlight of China's exports in 2023. Continuous high investment in R&D in various industries and huge application markets in China will create conditions for the export of goods with higher cost performance, and there will be extensive space for the development of new markets. Differentiation and personalization will become the new demands of consumers, and the supply-demand relationship model that defines production and manufacturing from the reverse of consumption is likely to become more popular, which not only requires the improvement of flexible production and manufacturing capabilities, but also puts forward higher requirements for the corresponding logistics services.

　　In 2024, China's economy will develop stronger development momentum in the continuous expansion of opening up and the promotion of market integration. Nevertheless, in the face of the impact of the Red Sea crisis, it is still necessary to make a prudent response, effectively utilize the China-EU liner, further enhance the resilience of China's participation in global economic and trade cooperation, and continue to provide strong support for the high-quality development of China's economy.