2013年10月27日星期日

Chp 8 China's Foreign trade


China’s foreign trade has been growth a lot than before. This article was talking about china’s foreign trade flourishes. In 1978 China entered the new period of reform and opening up. Devoting major efforts to the development of foreign trade became an important approach to accelerate modernization, shake off backwardness, promote the growth of the economy, and improve comprehensive national strength. Over the past 30 years or so, seizing the opportunity of the world economy's long-term prosperity and the deepening economic globalization, China has opened wider to the outside world, attracted and utilized foreign investment, introduced advanced technology, transformed and upgraded domestic industries, and achieved rapid development in foreign trade through all-round participation in the international division of labor and competition. Country has conformed to the trend of globalization by opening wider to the outside world and promoting international economic cooperation. With its WTO entry, China's trade in services entered a new stage of development. With its scale rapidly enlarged and its pattern gradually optimized, China's trade in services now ranks among the top in the world. The development of China's foreign trade has accelerated the modernization of the national economy, enhanced the country's comprehensive strength, and improved the standard of living of more than 1.3 billion Chinese people. It has also helped integrate the Chinese economy into the world economy, and make economic globalization conducive to the common prosperity of all countries and regions. China's reform and opening up and its active participation in economic globalization have made the country one of the world's fastest-growing economies.

At present, the underlying impact of the international financial crisis, the protracted, arduous and complicated nature of the world economic recovery is manifesting itself, and the global economic structure and trade layout face in-depth readjustment. China will make new adjustments to its foreign trade, in an effort to turn foreign trade from scale expansion to quality and profit improvement, and from mainly relying on its low-cost advantage to enhancing its comprehensive competitive edge, thereby turning China from a big trading country to a strong trading power.
China's foreign trade is still hampered by many uncertainties and is bound to meet new difficulties and challenges. During the 12th Five-Year Plan period China will open itself wider to the outside world as a driver for further reform, development and innovation, make full use of its advantages, strengthen international cooperation in all respects, and integrate itself into the world economy on a wider scale and at a higher level. China is willing to work with its trading partners to cope with the various challenges facing the world economy and trade, and promote its foreign trade to realize a more balanced, coordinated and sustainable development, and share prosperity and mutually-beneficial results with its trading partners.

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