In 2016, China's share in global exports dropped. The U.S. replaced China to become the world's top goods trader, a title that had been sustained by China since 2013. The main reason behind this was that China's advantage as the world's low-cost manufacturing base gradually weakened. This study analyzes the global trade situation and China's foreign trade situation, and then introduces the development of China's foreign trade from eight aspects: the share of China's export in the world; service trade; commodity structure; trade by modes; foreign trade; regional trade; forecast; and trend judgment. The book reviews the general situation and characteristics of China's trade development in 2017 and looks forward to its development trend. Then it analyzes the characteristics of the commodity structure of import and export trade, and the development of China's foreign trade according to the mode of trade. It makes a comparative analysis and puts forward policy recommendations from the perspective of different countries and regions.