International trade order is at risk due to multiple factors intertwined together, which will bring more uncertainties to global economy.
On one hand, the international trade order is now directed by three major voices. France and Germany are devoted to promoting traditional rule-based free trade, which can be seen from the World Economic Forum held in Davos, Switzerland at the beginning of this year; US President Donald Trump advocates reciprocal openness-based fair trade order; and China puts great energy on advancing one that is open and inclusive.
On the other hand, major developed countries are taking various approaches to speed up the launch of new topics and new rules in pursuit of establishing a system for future revolution of international trade order. In the meantime, cooperation mechanisms like the G20 and the “BRICS Plus” are playing an active role in pushing reform of global governance.