The Prospects for Foreign Trade Development in China

Date: June 1, 2012
Pages: 7
Price:
US$ 200.00
Publisher: China's Economy & Policy-Gateway International Group
Report type: Article
Delivery: E-mail Delivery (PDF), Online Subscription, E-mail Delivery (Word)
ID: P171C36AE15EN
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The Prospects for Foreign Trade Development in China
Abstract: 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. This article provides an in-depth analysis of these issues.
I. PROMOTING FASTER GROWTH IN IMPORTS IS AN IMPORTANT FUTURE POLICY OBJECTIVE

II. EQUILIBRIUM IN THE INTERNATIONAL BALANCE OF PAYMENTS WILL CHANGE ITS FOCUS FROM TRADE TO CAPITAL

III. THE STATUS OF THE INTERNATIONAL DIVISION OF LABOR SHOULD BE ENHANCED BY UPGRADING INDUSTRIAL TECHNOLOGY TO INCREASE THE GAINS FROM TRADE

IV. RESPONSES TO TRADE PROTECTIONISM CHARGES SHOULD BE MADE THROUGH THE RATIONAL USE OF WTO RULES AND MARKET TRANSFERS
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