国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Opinion

On road to trade excellence

By Yu Xiang (China Daily) Updated: 2014-02-15 08:03

China's rise as a strong trading nation will not only help it meet its domestic economic goals, but also deepen its ties with the world

The year 2013 was special for China, for it saw a new leadership take office, the Third Plenum of the 18th Central Committee of the Communist Party of China issue an extensive reform plan, and China become the largest trading nation.

On road to trade excellence

Robust trade eases slowdown worries 

On road to trade excellence

China's foreign trade weathers storm of fluctuation

The combined value of China's exports and imports last year was $4.16 trillion, up 7.6 percent year-on-year subject to an adjusted yuan, according to data released by the General Administration of Customs on Jan 10.

China's growing economic engagement with the world has reached a new level after three decades of reform and opening-up, with its trade partners also benefitting from the process. For example, a Rhodium Group report says Chinese companies provided more than 70,000 full-time jobs in the US by the end of 2013, an almost eight-fold increase compared with 2007 (when they provided only about 9,000 jobs).

More importantly, the figures indicate that China has completed the transition from an inward-looking economy to an important stakeholder in the global economy and, therefore, should play a more active role in world affairs to maintain a more stable and benign economic environment in the world.

China was the world's largest trading nation from 1644 to 1912. In its Feb 16, 2013, issue, The Economist said: "The Qianlong Emperor (1711-1996) claimed, somewhat optimistically, that his dynasty's majestic virtue had penetrated every country under heaven. China's exporters and importers have now accomplished exactly that." Becoming the largest trading nation is a remarkable achievement, but it would be wrong to compare present-day China to the one during the Qing Dynasty. Today's China doesn't have the Qing Dynasty's imperial ambitions and is well aware of its real position in the world - a big but not a strong trading nation.

First, China is still not an innovative economy and lacks many core technologies; it is thus weak when it comes to competition. The US economy, in contrast, is driven by innovation. According to the US Department of Commerce, its intellectual property-intensive industries support at least 40 million jobs and contribute $5.1 trillion (or 34.8 percent) to the country's GDP.

Second, China's trade is disproportionately dependent on exports, and the US has a big lead over China in terms of trade in services. China's trade in services in 2012 was about $471 billion, less than half of the US' $1.07 trillion. Moreover, the low proportion of value-added processing trade makes the Chinese economy vulnerable to certain factors, with the uncertain global demand, a stronger yuan and rising labor costs taking their toll on Chinese exporters.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
...
临澧县| 专栏| 本溪市| 洪湖市| 巴东县| 陆川县| 永城市| 青浦区| 宁晋县| 华阴市| 兴业县| 闽侯县| 瓦房店市| 睢宁县| 教育| 长顺县| 汤阴县| 正镶白旗| 九台市| 临沧市| 菏泽市| 冀州市| 特克斯县| 衡山县| 承德县| 鹤峰县| 齐齐哈尔市| 始兴县| 临西县| 大余县| 岗巴县| 锦州市| 海南省| 育儿| 石城县| 冕宁县| 宁晋县| 惠东县| 承德市| 定南县| 延安市|