China Foreign Trade Development Prospects Analysed by China's Economy & Policy-Gateway International Group
25 Jun 2012 • by Natalie Aster
China has made enormous achievements since its accession to the World Trade Organization (WTO) a decade ago. But, due to the long-term imbalance in development, many negative issues have arisen during the development of China’s foreign trade. Increasingly widening gaps in domestic regional development, serious environmental pollution, aggravated trade frictions, an over-sized international payments surplus, RMB appreciation, the passive growth of the money supply, speculative capital flows, major fluctuations in related domestic asset prices and international energy prices, and other significant external shocks have all created challenges for China’s long-term open development pattern which focuses on attracting investment and processing and exports. The review “The Prospects for Foreign Trade Development in China” by China's Economy & Policy-Gateway International Group provides an in-depth analysis of these issues.
The Prospects for Foreign Trade Development in China
Published: May, 2012
Price: US$ 200,00
Against the background of a changing domestic market development model and facing pressure in the international market, China urgently needs to find ways to cope with various challenges as the dividends received from the domestic factors of production, from market-oriented reforms, and from globalization, which once enabled the country to realize sustained high levels of economic growth, are gradually weakening.
It has been proposed in the 12th Five-Year Plan that China’s future positioning in the global division of labor should focus on developing the country’s market size into one of the world’s largest, while continuing to improve its status as the “world’s factory”. This means that China will introduce more policies and measures to encourage imports, and take more steps to cultivate the domestic consumer market.
Future trade policy should attach great importance to the significant role of imports in promoting national economic development.
More information can be found in the report “The Prospects for Foreign Trade Development in China” by China's Economy & Policy-Gateway International Group.
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